Raiffeisen Bank International AG Buys 7,194 Shares of CBRE Group, Inc. (NYSE:CBRE)

Key Points

• Raiffeisen Bank International AG increased its stake in CBRE Group, Inc. by 10.2% during the 1st quarter, bringing its total holdings to 77,694 shares valued at over $10 million.
• Multiple hedge funds, including Principal Financial Group and Massachusetts Financial Services, also significantly boosted their positions in CBRE Group during the same period, indicating strong institutional interest.
• Analysts have varied price targets for CBRE Group, with estimates ranging from $141.00 to $170.00, and a consensus rating of "Moderate Buy" with a target price of $158.00.

Raiffeisen Bank International AG raised its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,694 shares of the financial services provider's stock after acquiring an additional 7,194 shares during the period. Raiffeisen Bank International AG's holdings in CBRE Group were worth $10,058,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Investment Management Corp VA ADV bought a new position in CBRE Group in the fourth quarter worth $28,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group during the 1st quarter worth about $28,000. Golden State Wealth Management LLC boosted its position in shares of CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 213 shares in the last quarter. Colonial Trust Co SC increased its stake 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 acquiring an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised 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 worth $37,000 after purchasing an additional 266 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBRE has been the topic of several analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Evercore ISI increased their target price on shares of CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, 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 research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $158.00.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer directly owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the sale, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at approximately $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,898 shares of company stock valued at $1,122,558 in the last three months. 0.42% of the stock is owned by company insiders.

CBRE Group Trading Up 0.3%

CBRE traded up $0.45 during trading on Tuesday, reaching $156.48. 1,952,183 shares of the company's stock were exchanged, compared to its average volume of 1,694,131. The company's fifty day moving average price is $138.19 and its 200-day moving average price is $133.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $46.56 billion, a PE ratio of 43.83 and a beta of 1.34. CBRE Group, Inc. has a fifty-two week low of $105.17 and a fifty-two week high of $161.03.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The company had revenue of $9.75 billion during the quarter, compared to analysts' expectations of $9.50 billion. As a group, equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS 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.