DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $35.78 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 21.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 272,538 shares of the financial services provider’s stock after acquiring an additional 47,242 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in CBRE Group were worth $35,782,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in CBRE Group in the fourth quarter valued at $514,609,000. Artisan Partners Limited Partnership grew its stake in shares of CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after buying an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in CBRE Group in the 4th quarter valued at about $190,695,000. Manning & Napier Advisors LLC acquired a new position in CBRE Group during the 4th quarter worth approximately $175,978,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in CBRE Group by 11,750.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock worth $161,876,000 after acquiring an additional 1,222,558 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, UBS Group cut their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Three equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.22.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $125.45 on Friday. The business’s fifty day simple moving average is $124.75 and its 200 day simple moving average is $132.00. 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 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market capitalization of $37.40 billion, a P/E ratio of 39.95 and a beta of 1.30.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company 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 business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,424 shares of company stock worth $431,064 over the last three months. 0.42% of the stock is currently 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.