CBRE Group, Inc. (NYSE:CBRE) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in CBRE Group, Inc. (NYSE:CBREFree Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,574 shares of the financial services provider’s stock after purchasing an additional 6,595 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of CBRE Group worth $22,581,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in CBRE Group during the fourth quarter valued at approximately $45,000. Cary Street Partners Investment Advisory LLC boosted its position in CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in CBRE Group in the 4th quarter valued at $48,000. Planned Solutions Inc. purchased a new position in CBRE Group in the fourth quarter valued at about $52,000. Finally, Headinvest LLC acquired a new position in shares of CBRE Group during the third quarter worth about $44,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 0.4 %

CBRE stock opened at $85.63 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $88.75 and a 200-day simple moving average of $88.67. The company has a market capitalization of $26.27 billion, a P/E ratio of 26.68 and a beta of 1.41. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65.

CBRE Group (NYSE:CBREGet Free Report) last announced its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, equities research analysts predict that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 in the company, valued at $6,766,895.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Evercore ISI boosted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Finally, downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has a consensus rating of “Hold” and an average target price of $99.50.

Read Our Latest Stock Analysis on CBRE

CBRE Group Company Profile

(Free Report)

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.

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

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