Nomura Asset Management Co. Ltd. Boosts Stake in CBRE Group Inc (CBRE)

Nomura Asset Management Co. Ltd. grew its holdings in CBRE Group Inc (NYSE:CBRE) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,320 shares of the financial services provider’s stock after acquiring an additional 964 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CBRE Group were worth $2,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. Robeco Institutional Asset Management B.V. purchased a new position in CBRE Group during the 3rd quarter worth $22,197,000. US Bancorp DE acquired a new stake in shares of CBRE Group in the 3rd quarter worth $2,685,000. Comerica Bank acquired a new stake in shares of CBRE Group in the 3rd quarter worth $4,554,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of CBRE Group in the 3rd quarter worth $307,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of CBRE Group in the third quarter valued at about $1,018,000. 93.04% of the stock is owned by institutional investors.

CBRE has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of CBRE Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. William Blair restated an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Bank of America set a $54.00 target price on shares of CBRE Group and gave the company a “hold” rating in a report on Friday, March 8th. Finally, JMP Securities restated a “hold” rating on shares of CBRE Group in a report on Monday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $55.75.

In other news, CFO James R. Groch sold 50,000 shares of CBRE Group stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.47, for a total transaction of $2,523,500.00. Following the completion of the sale, the chief financial officer now directly owns 536,111 shares in the company, valued at $27,057,522.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brandon B. Boze sold 6,700,000 shares of CBRE Group stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $49.51, for a total transaction of $331,717,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,814,454 shares of company stock valued at $337,496,303. Insiders own 0.88% of the company’s stock.

NYSE:CBRE opened at $50.11 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. CBRE Group Inc has a twelve month low of $37.45 and a twelve month high of $51.35. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.72.

CBRE Group (NYSE:CBRE) last posted its earnings results on Wednesday, February 13th. The financial services provider reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.08. CBRE Group had a net margin of 4.98% and a return on equity of 23.93%. The firm had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same period last year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts forecast that CBRE Group Inc will post 3.57 EPS for the current year.

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CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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