Generali Asset Management SPA SGR Buys New Stake in CBRE Group, Inc. (NYSE:CBRE)

Generali Asset Management SPA SGR bought a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 45,918 shares of the financial services provider’s stock, valued at approximately $6,029,000.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in CBRE Group during the fourth quarter worth $25,000. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth $27,000. Denver PWM LLC acquired a new position in CBRE Group during the fourth quarter worth $29,000. Larson Financial Group LLC raised its position in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Down 1.9 %

Shares of CBRE opened at $126.28 on Wednesday. The company’s 50-day simple moving average is $137.24 and its 200-day simple moving average is $131.46. The stock has a market capitalization of $37.89 billion, a PE ratio of 40.22 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on CBRE shares. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley increased their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Citigroup increased their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.89.

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.