20,576 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Retireful LLC

Retireful LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,576 shares of the financial services provider's stock, valued at approximately $1,915,000.

Several other large investors also recently bought and sold shares of CBRE. Norges Bank acquired a new stake in shares of CBRE Group during the fourth quarter valued at $255,749,000. Harris Associates L P boosted its stake in shares of CBRE Group by 9.6% during the second quarter. Harris Associates L P now owns 14,735,255 shares of the financial services provider's stock valued at $1,189,282,000 after acquiring an additional 1,292,532 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of CBRE Group by 15.1% during the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider's stock valued at $503,786,000 after acquiring an additional 894,521 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of CBRE Group during the fourth quarter valued at $65,416,000. Finally, Balyasny Asset Management L.P. boosted its stake in CBRE Group by 26,570.0% in the 1st quarter. Balyasny Asset Management L.P. now owns 800,900 shares of the financial services provider's stock worth $58,314,000 after buying an additional 797,897 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Up 0.7 %

Shares of NYSE:CBRE traded up $0.68 during mid-day trading on Friday, hitting $96.14. 1,036,792 shares of the company traded hands, compared to its average volume of 1,405,042. The firm has a market cap of $29.39 billion, a P/E ratio of 30.33 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The firm's 50 day simple moving average is $91.69 and its 200 day simple moving average is $83.80.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the business posted $1.33 EPS. The company's revenue was up 9.2% on a year-over-year basis. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.46 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI raised their price target on CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a research note on Tuesday. Raymond James raised their price target on CBRE Group from $95.00 to $103.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 25th. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a "market perform" rating in a report on Friday, February 16th. Finally, TheStreet upgraded CBRE Group from a "c+" rating to a "b-" rating in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $96.67.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO John E. Durburg sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares of the company's stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock worth $3,675,752 in the last 90 days. 0.53% of the stock is owned by corporate 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.