Mirae Asset Global Investments Co. Ltd. Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,996 shares of the financial services provider's stock after acquiring an additional 4,122 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in CBRE Group were worth $4,660,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in CBRE Group in the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group in the fourth quarter worth $28,000. Golden State Wealth Management LLC boosted its position in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after acquiring an additional 213 shares during the last quarter. Colonial Trust Co SC increased its holdings in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CBRE. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. JPMorgan Chase & Co. cut their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Finally, UBS Group increased their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $152.11.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider directly owned 27,945 shares in the company, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lindsey S. Caplan sold 1,497 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $209,580.00. Following the transaction, the chief accounting officer directly owned 28,211 shares in the company, valued at approximately $3,949,540. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,031 shares of company stock worth $814,080. 0.42% of the stock is currently owned by insiders.

CBRE Group Trading Down 0.0%

Shares of CBRE stock traded down $0.06 during trading hours on Thursday, reaching $142.45. 721,444 shares of the stock were exchanged, compared to its average volume of 1,813,156. The firm has a market capitalization of $42.47 billion, a price-to-earnings ratio of 43.56 and a beta of 1.30. CBRE Group, Inc. has a 12-month low of $86.19 and a 12-month high of $147.75. The company's 50-day moving average price is $129.17 and its 200-day moving average price is $131.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.