MML Investors Services LLC Boosts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

MML Investors Services LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 54.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,668 shares of the financial services provider's stock after buying an additional 35,746 shares during the period. MML Investors Services LLC's holdings in CBRE Group were worth $13,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group during the fourth quarter worth about $25,000. Denver PWM LLC purchased a new position in shares of CBRE Group in the fourth quarter worth $29,000. Larson Financial Group LLC lifted its stake in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after buying an additional 281 shares during the period. Catalyst Capital Advisors LLC grew its holdings in shares of CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after buying an additional 238 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of CBRE Group in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $0.32 during midday trading on Monday, hitting $121.05. The stock had a trading volume of 268,466 shares, compared to its average volume of 1,822,764. The stock has a 50 day simple moving average of $127.65 and a 200-day simple moving average of $132.10. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $36.30 billion, a PE ratio of 38.60 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was 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 in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on CBRE shares. Morgan Stanley dropped their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. 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 note on Thursday, April 10th. Keefe, Bruyette & Woods decreased their target price on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three equities research 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. According to data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $149.00.

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.