Lansforsakringar Fondforvaltning AB publ Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Lansforsakringar Fondforvaltning AB publ bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 101,125 shares of the financial services provider's stock, valued at approximately $13,277,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group during the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group during the fourth quarter worth about $28,000. Denver PWM LLC acquired a new position in shares of CBRE Group during the fourth quarter worth about $29,000. Colonial Trust Co SC boosted its position in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after buying an additional 281 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Up 0.1%

Shares of CBRE stock traded up $0.13 during mid-day trading on Friday, hitting $124.80. The company's stock had a trading volume of 5,352,242 shares, compared to its average volume of 1,838,839. The company's fifty day simple moving average is $123.48 and its 200-day simple moving average is $131.41. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company has a market cap of $37.20 billion, a PE ratio of 39.75 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the company posted $0.78 EPS. The business's quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CBRE. Keefe, Bruyette & Woods increased their target price on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. UBS Group cut their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley cut their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the sale, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,396 shares of company stock valued at $685,649. Corporate insiders own 0.42% of the company's stock.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.