CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471,756 shares of the financial services provider’s stock after acquiring an additional 36,263 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of CBRE Group worth $62,036,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Alphinity Investment Management Pty Ltd purchased a new stake in shares of CBRE Group during the 4th quarter worth $190,695,000. Manning & Napier Advisors LLC purchased a new stake in CBRE Group during the fourth quarter worth about $175,978,000. Los Angeles Capital Management LLC grew its position in CBRE Group by 1,499.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after buying an additional 993,687 shares during the period. American Century Companies Inc. increased its holdings in CBRE Group by 150.5% in the fourth quarter. American Century Companies Inc. now owns 1,157,720 shares of the financial services provider’s stock valued at $151,997,000 after buying an additional 695,558 shares in the last quarter. Finally, State Street Corp lifted its position in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after acquiring an additional 692,697 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Trading Down 1.6 %

Shares of CBRE Group stock opened at $129.40 on Friday. The firm has a market cap of $38.82 billion, a PE ratio of 41.21 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The business’s fifty day moving average is $137.54 and its two-hundred day moving average is $132.15.

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

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several research analyst reports. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.