CBRE Group, Inc. (NYSE:CBRE) Holdings Lifted by Bailard Inc.

Bailard Inc. lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 13.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,186 shares of the financial services provider’s stock after purchasing an additional 948 shares during the quarter. Bailard Inc.’s holdings in CBRE Group were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of CBRE Group by 795.4% in the 4th quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock valued at $13,107,000 after purchasing an additional 125,071 shares during the period. DNB Asset Management AS boosted its position in CBRE Group by 37.9% during the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after acquiring an additional 35,386 shares during the period. Advisor Resource Council acquired a new stake in CBRE Group during the 4th quarter worth about $1,083,000. Sei Investments Co. boosted its position in CBRE Group by 14.1% during the 3rd quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock worth $79,308,000 after acquiring an additional 132,748 shares during the period. Finally, Nordea Investment Management AB boosted its position in CBRE Group by 2.8% during the 4th quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock worth $2,014,000 after acquiring an additional 578 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James raised their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group assumed coverage on CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Finally, 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, April 2nd. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.50.

Insider Activity at CBRE Group

In related news, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction 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 directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction 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 directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

CBRE Group Trading Up 0.3 %

CBRE stock opened at $87.28 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $92.13 and a 200-day moving average of $85.30. The company has a market cap of $26.79 billion, a P/E ratio of 27.53 and a beta of 1.42. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.45 EPS for the current year.

About CBRE Group

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.