CBRE Group, Inc. (NYSE:CBRE) Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,465,142 shares of the financial services provider's stock after purchasing an additional 2,193 shares during the period. CBRE Group makes up about 1.7% of OMERS ADMINISTRATION Corp's holdings, making the stock its 19th biggest position. OMERS ADMINISTRATION Corp owned 0.48% of CBRE Group worth $192,358,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC bought a new position in CBRE Group during the fourth quarter worth about $256,000. Manning & Napier Advisors LLC purchased a new position in CBRE Group in the fourth quarter worth $175,978,000. Robeco Institutional Asset Management B.V. boosted its stake in CBRE Group by 12.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after buying an additional 338,298 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in CBRE Group by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider's stock worth $2,181,000 after purchasing an additional 466 shares during the period. Finally, Raymond James Financial Inc. bought a new position in CBRE Group during the 4th quarter worth approximately $36,643,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 1.0%

CBRE Group stock traded up $1.31 during midday trading on Friday, reaching $131.58. The company's stock had a trading volume of 1,341,461 shares, compared to its average volume of 1,808,962. The stock's 50-day simple moving average is $124.31 and its 200-day simple moving average is $132.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a market capitalization of $39.22 billion, a P/E ratio of 41.90 and a beta of 1.30. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results 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. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business's revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CBRE. JPMorgan Chase & Co. decreased their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. UBS Group cut their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price objective 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $149.22.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction 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 of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83% 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 worth $431,064 in the last ninety days. 0.42% of the stock is owned by 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.