Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in CBRE Group, Inc. (NYSE:CBRE)

Mitsubishi UFJ Trust & Banking Corp lessened its position in CBRE Group, Inc. (NYSE:CBRE) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 727,404 shares of the financial services provider’s stock after selling 37,691 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.24% of CBRE Group worth $95,501,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the fourth quarter worth $25,000. Canton Hathaway LLC acquired a new stake in shares of CBRE Group in the third quarter valued at about $27,000. Denver PWM LLC purchased a new position in CBRE Group in the fourth quarter valued at about $29,000. Larson Financial Group LLC lifted its position in shares of CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in shares of CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Morgan Stanley lifted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Trading Up 3.3 %

NYSE CBRE opened at $134.04 on Tuesday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The stock has a market cap of $40.22 billion, a P/E ratio of 42.69 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $137.55 and its 200-day simple moving average is $131.90.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were 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 owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

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.