UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 295,943 Shares of CBRE Group, Inc. (NYSE:CBRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,025,256 shares of the financial services provider's stock after buying an additional 295,943 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.99% of CBRE Group worth $397,186,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CBRE. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the fourth quarter valued at about $25,000. Denver PWM LLC bought a new stake in shares of CBRE Group in the fourth quarter valued at about $29,000. Colonial Trust Co SC raised 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 worth $36,000 after purchasing an additional 180 shares in the last quarter. Larson Financial Group LLC raised its position 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 worth $43,000 after purchasing an additional 281 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,396 shares of company stock valued at $685,649 over the last three months. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods increased 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. Morgan Stanley dropped their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $0.70 during mid-day trading on Friday, hitting $121.13. 2,064,762 shares of the stock were exchanged, compared to its average volume of 1,824,480. The company has a market cap of $36.11 billion, a P/E ratio of 38.57 and a beta of 1.30. The stock's fifty day simple moving average is $124.25 and its two-hundred day simple moving average is $131.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75.

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 net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter last year, the business posted $0.78 earnings per share. The company's revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal 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.