CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,262 shares of the financial services provider’s stock after purchasing an additional 4,127 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CBRE Group were worth $5,905,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Gilbert & Cook Inc. lifted its position in shares of CBRE Group by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 6,081 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 322 shares during the last quarter. Private Advisor Group LLC raised its stake in CBRE Group by 3.0% in the fourth quarter. Private Advisor Group LLC now owns 8,315 shares of the financial services provider’s stock valued at $774,000 after buying an additional 243 shares in the last quarter. Gryphon Financial Partners LLC purchased a new stake in CBRE Group during the 4th quarter worth about $240,000. Checchi Capital Advisers LLC acquired a new position in shares of CBRE Group during the 4th quarter worth about $230,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of CBRE Group by 10.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 79,948 shares of the financial services provider’s stock valued at $7,442,000 after acquiring an additional 7,262 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $117.12 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $118.39. The firm has a 50-day simple moving average of $106.86 and a 200-day simple moving average of $95.92. The company has a market capitalization of $35.94 billion, a price-to-earnings ratio of 36.49 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. On average, equities research analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Insider Activity at CBRE Group

In other news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the transaction, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The disclosure for this sale can be found here. Insiders have sold a total of 27,232 shares of company stock worth $3,058,787 in the last three months. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Raymond James upped their target price on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Morgan Stanley started coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target on the stock. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $100.00 to $123.00 in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target of $110.29.

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.