260,738 Shares in CBRE Group, Inc. (NYSE:CBRE) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 260,738 shares of the financial services provider's stock, valued at approximately $34,232,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of CBRE Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group in the 4th quarter worth about $25,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group during the fourth quarter worth about $28,000. Denver PWM LLC acquired a new stake in CBRE Group during the fourth quarter worth about $29,000. Colonial Trust Co SC lifted its holdings 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 acquiring an additional 180 shares during the last quarter. Finally, Larson Financial Group LLC boosted 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 acquiring an additional 281 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Price Performance

CBRE stock traded up $0.13 during trading on Friday, hitting $124.80. The company had a trading volume of 5,352,242 shares, compared to its average volume of 1,849,556. The business has a 50 day moving average of $123.48 and a 200 day moving average of $131.44. The firm has a market capitalization of $37.20 billion, a price-to-earnings ratio of 39.75 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week 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 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

CBRE has been the topic of several recent research reports. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. 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 report on Wednesday, April 30th. UBS Group cut their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered 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, JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, seven have given 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 target price of $149.22.

Insider Activity

In other news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 105,371 shares of the company's stock, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,396 shares of company stock worth $685,649 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

CBRE Group 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.