Mufg Securities Americas Inc. Invests $583,000 in CBRE Group, Inc. (NYSE:CBRE)

Mufg Securities Americas Inc. purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,441 shares of the financial services provider's stock, valued at approximately $583,000.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of CBRE Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock worth $1,035,229,000 after buying an additional 245,821 shares during the period. Principal Financial Group Inc. raised its stake in shares of CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after purchasing an additional 177,119 shares during the period. Cantillon Capital Management LLC increased its holdings in CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock worth $623,416,000 after acquiring an additional 25,142 shares during the period. Franklin Resources Inc. grew its position in CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after buying an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Down 1.0%

NYSE:CBRE traded down $1.38 during trading hours on Monday, hitting $130.23. The stock had a trading volume of 1,817,117 shares, compared to its average volume of 1,810,340. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a market cap of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The business's 50 day moving average is $124.42 and its 200-day moving average is $132.06.

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 (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm 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 company's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CBRE. Keefe, Bruyette & Woods raised their price target on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price 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. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Morgan Stanley decreased their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $155.00 to $152.00 in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $149.22.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now 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 sold a total of 3,424 shares of company stock worth $431,064 in the last three months. 0.42% of the stock is owned by corporate insiders.

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.