Commerce Bank Buys 177,711 Shares of CBRE Group, Inc. (NYSE:CBRE)

Commerce Bank lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1,231.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,146 shares of the financial services provider’s stock after purchasing an additional 177,711 shares during the period. Commerce Bank’s holdings in CBRE Group were worth $25,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CBRE. SBI Securities Co. Ltd. acquired a new stake in CBRE Group in the fourth quarter valued at $25,000. Denver PWM LLC acquired a new stake in CBRE Group in the 4th quarter valued at about $29,000. Larson Financial Group LLC lifted its stake 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 purchasing an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in CBRE Group during the fourth quarter worth approximately $58,000. 98.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CBRE. Keefe, Bruyette & Woods cut their price objective on CBRE Group from $145.00 to $129.00 and set a “market perform” rating for the company in a research report on Thursday. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price target 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.56.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the business’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 transaction, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

NYSE:CBRE opened at $117.45 on Friday. 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 firm has a market cap of $35.22 billion, a price-to-earnings ratio of 37.41 and a beta of 1.26. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The firm’s 50-day simple moving average is $129.97 and its 200 day simple moving average is $132.00.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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, sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.