Nomura Holdings Inc. Invests $5.89 Million in CBRE Group, Inc. (NYSE:CBRE)

Nomura Holdings Inc. acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,832 shares of the financial services provider's stock, valued at approximately $5,886,000.

Several other institutional investors have also recently made changes to their positions in CBRE. Meridian Wealth Management LLC grew its position in CBRE Group by 1.4% in the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after purchasing an additional 71 shares in the last quarter. Gilbert & Cook Inc. grew its position in CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after purchasing an additional 75 shares in the last quarter. Signaturefd LLC grew its position in CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc grew its position in CBRE Group by 9.1% in the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after purchasing an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its position in CBRE Group by 2.6% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Down 1.0%

CBRE stock traded down $1.38 on Monday, reaching $130.23. The company's stock had a trading volume of 1,817,117 shares, compared to its average volume of 1,810,340. The business has a fifty day simple moving average of $124.42 and a two-hundred day simple moving average of $132.06. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The firm has a market cap of $38.82 billion, a PE 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.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Finally, UBS Group reduced their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus price target of $149.22.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company'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 transaction of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now directly owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,424 shares of company stock valued at $431,064 over the last quarter. Corporate insiders own 0.42% of the company's stock.

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.