CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,643,928 shares of the financial services provider’s stock after purchasing an additional 65,419 shares during the quarter. Nuveen Asset Management LLC’s holdings in CBRE Group were worth $215,831,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBRE. Wedmont Private Capital grew its stake in CBRE Group by 5.8% in the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 206 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of CBRE Group by 18.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,348 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 513 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of CBRE Group by 43.0% in the 4th quarter. Park Avenue Securities LLC now owns 35,160 shares of the financial services provider’s stock valued at $4,616,000 after acquiring an additional 10,573 shares during the last quarter. Burney Co. raised its position in shares of CBRE Group by 398.3% during the 4th quarter. Burney Co. now owns 15,147 shares of the financial services provider’s stock valued at $1,989,000 after acquiring an additional 12,107 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of CBRE Group during the 4th quarter valued at approximately $1,008,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the transaction, the insider now directly owns 27,945 shares of the company’s stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was 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 $13,491,941.67. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,424 shares of company stock worth $431,064 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CBRE. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. Morgan Stanley dropped their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered their target price on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $149.22.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $130.22 on Friday. The firm’s 50 day moving average is $124.31 and its two-hundred day moving average is $132.04. The firm has a market capitalization of $38.82 billion, a P/E ratio of 41.47 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. Analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.