CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 66,995 shares of the financial services provider’s stock after acquiring an additional 3,291 shares during the period. ProShare Advisors LLC’s holdings in CBRE Group were worth $8,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. purchased a new stake in CBRE Group during the fourth quarter worth about $25,000. Denver PWM LLC purchased a new stake in CBRE Group during the 4th quarter worth approximately $29,000. Colonial Trust Co SC lifted its holdings in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after buying an additional 180 shares in the last quarter. Larson Financial Group LLC boosted its position in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after buying an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC grew its stake in shares of CBRE Group by 190.4% in 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 in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley cut their price objective on CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad J. Doellinger sold 494 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares of the company’s stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,424 shares of company stock valued at $431,064. 0.42% of the stock is owned by corporate insiders.

CBRE Group Trading Up 1.0%

NYSE:CBRE opened at $131.58 on Friday. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The stock has a market cap of $39.22 billion, a P/E ratio of 41.90 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock has a 50-day simple moving average of $124.42 and a 200-day simple moving average of $132.05.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion during 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 firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

CBRE Group Company 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.