Swiss National Bank Reduces Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Swiss National Bank reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 865,700 shares of the financial services provider’s stock after selling 45,000 shares during the period. Swiss National Bank owned 0.28% of CBRE Group worth $113,658,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in CBRE Group in the fourth quarter worth about $25,000. Canton Hathaway LLC purchased a new stake in CBRE Group in the third quarter worth about $27,000. Denver PWM LLC purchased a new stake in CBRE Group in the fourth quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the third quarter worth about $32,000. Finally, Larson Financial Group LLC lifted its holdings in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after buying an additional 281 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CBRE shares. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Evercore ISI decreased 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 note on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Price Performance

Shares of CBRE opened at $125.53 on Friday. The company has a market capitalization of $37.66 billion, a P/E ratio of 39.98 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. The firm has a 50 day moving average of $137.35 and a 200 day moving average of $131.06. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly 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%. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In related 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 completion of the sale, the insider now owns 28,735 shares of the company’s stock, valued at $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 is available at the SEC website. 0.54% of the stock is owned by insiders.

About CBRE Group

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.