CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,243 shares of the financial services provider’s stock after purchasing an additional 799 shares during the period. Nisa Investment Advisors LLC’s holdings in CBRE Group were worth $9,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Canton Hathaway LLC bought a new stake in CBRE Group during the third quarter worth approximately $27,000. American National Bank & Trust acquired a new stake in shares of CBRE Group during the third quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in CBRE Group in the 3rd quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC grew its position in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Trading Up 1.1 %

Shares of NYSE:CBRE opened at $141.00 on Friday. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The firm has a fifty day moving average price of $133.68 and a 200 day moving average price of $122.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $43.15 billion, a PE ratio of 45.34 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $145.44.

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.