Munich Reinsurance Co Stock Corp in Munich grew its stake in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 59.4% during the second quarter, HoldingsChannel.com reports. The firm owned 35,969 shares of the financial services provider’s stock after buying an additional 13,400 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in CBRE Group were worth $4,845,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC increased its holdings in CBRE Group by 1.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,408 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 59 shares during the last quarter. Community Bank & Trust Waco Texas raised its stake in CBRE Group by 0.5% during the 4th quarter. Community Bank & Trust Waco Texas now owns 14,693 shares of the financial services provider’s stock worth $2,362,000 after buying an additional 70 shares during the period. Centersquare Investment Management LLC lifted its holdings in CBRE Group by 0.7% during the fourth quarter. Centersquare Investment Management LLC now owns 10,470 shares of the financial services provider’s stock worth $1,683,000 after acquiring an additional 70 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in CBRE Group by 16.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 71 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of CBRE Group by 1.7% in the third quarter. NewEdge Advisors LLC now owns 4,367 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 71 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.
CBRE Group Stock Performance
Shares of CBRE Group stock opened at $147.71 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $42.77 billion, a price-to-earnings ratio of 33.88 and a beta of 1.19. The stock’s 50-day moving average is $144.87 and its 200-day moving average is $140.44. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27.
Analyst Ratings Changes
Several research firms have recently weighed in on CBRE. UBS Group lifted their price objective on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of CBRE Group in a report on Friday, August 21st. Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of CBRE Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.33.
Read Our Latest Stock Report on CBRE
Insider Transactions at CBRE Group
In related news, insider Chad J. Doellinger sold 228 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the transaction, the chief executive officer directly owned 134,869 shares of the company’s stock, valued at approximately $20,230,350. This trade represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock valued at $767,363 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.
About CBRE Group
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
Featured Stories
- Five stocks we like better than CBRE Group
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE – Free Report).
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.
