CBRE Group, Inc. (NYSE:CBRE) Stake Boosted by Royal Bank of Canada

Royal Bank of Canada increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 49.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,127 shares of the financial services provider’s stock after purchasing an additional 214,503 shares during the quarter. Royal Bank of Canada’s holdings in CBRE Group were worth $84,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. purchased a new position in CBRE Group during the 4th quarter valued at about $25,000. Denver PWM LLC purchased a new position in CBRE Group during the 4th quarter valued at about $29,000. Colonial Trust Co SC grew its stake 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 valued at $36,000 after acquiring an additional 180 shares in the last quarter. Larson Financial Group LLC grew its stake in 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 in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of 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 ownership of the stock. The sale was disclosed in a 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 that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,424 shares of company stock valued at $431,064 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several research analyst reports. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley lowered their target price on CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.22.

CBRE Group Stock Down 1.0%

Shares of CBRE Group stock opened at $130.23 on Tuesday. The firm has a market cap of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The stock has a 50-day simple moving average of $124.48 and a 200-day simple moving average of $132.06.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, equities research analysts expect 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.