Nisa Investment Advisors LLC Increases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Nisa Investment Advisors LLC increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,368 shares of the financial services provider's stock after buying an additional 2,125 shares during the quarter. Nisa Investment Advisors LLC's holdings in CBRE Group were worth $10,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. bought a new stake in CBRE Group in the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new stake in CBRE Group in the fourth quarter valued at approximately $28,000. Golden State Wealth Management LLC lifted its position in CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Colonial Trust Co SC lifted its position in CBRE Group by 183.7% in 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, Thurston Springer Miller Herd & Titak Inc. lifted its position in CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group boosted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. decreased their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Evercore ISI upped their target price on CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $152.78.

CBRE Group Stock Down 0.5%

CBRE stock traded down $0.77 during midday trading on Friday, hitting $140.44. The stock had a trading volume of 1,049,015 shares, compared to its average volume of 1,818,469. The firm has a market cap of $41.87 billion, a price-to-earnings ratio of 42.95 and a beta of 1.30. The business has a 50-day moving average of $131.77 and a two-hundred day moving average of $131.52. CBRE Group, Inc. has a 52-week low of $94.65 and a 52-week high of $147.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 earnings per share. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,497 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 28,211 shares of the company's stock, valued at $3,949,540. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider directly owned 27,945 shares in the company, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,031 shares of company stock valued at $814,080 over the last ninety days. Company insiders own 0.42% of the company's stock.

About CBRE Group

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.