The Manufacturers Life Insurance Company Has $25.29 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

The Manufacturers Life Insurance Company decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,620 shares of the financial services provider's stock after selling 20,885 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of CBRE Group worth $25,289,000 as of its most recent SEC filing.

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

CBRE Group Stock Down 1.6 %

CBRE Group stock traded down $1.97 during mid-day trading on Tuesday, reaching $124.00. The company's stock had a trading volume of 1,048,674 shares, compared to its average volume of 1,817,813. 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, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The business's 50 day simple moving average is $125.71 and its 200 day simple moving average is $132.09. The company has a market capitalization of $36.96 billion, a price-to-earnings ratio of 39.49 and a beta of 1.30.

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, 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 firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the company earned $0.78 earnings per share. The business's revenue was up 12.3% compared to the same quarter last year. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

CBRE has been the topic of several analyst reports. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Morgan Stanley reduced their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. UBS Group lowered their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Three 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.22.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company's 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 sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,424 shares of company stock valued at $431,064. 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.