Union Bancaire Privee UBP SA Makes New $7.55 Million Investment in CBRE Group, Inc. (NYSE:CBRE)

Union Bancaire Privee UBP SA bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 57,500 shares of the financial services provider’s stock, valued at approximately $7,549,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after acquiring an additional 993,963 shares during the period. State Street Corp grew its position in CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after acquiring an additional 692,697 shares in the last quarter. SG Americas Securities LLC increased its stake in CBRE Group by 908.7% during the third quarter. SG Americas Securities LLC now owns 350,935 shares of the financial services provider’s stock worth $43,684,000 after purchasing an additional 316,144 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after purchasing an additional 277,922 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CBRE shares. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a research note on Friday. Finally, Evercore ISI dropped their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

CBRE Group Trading Up 0.1 %

NYSE:CBRE opened at $141.23 on Monday. The stock’s 50 day simple moving average is $134.08 and its 200-day simple moving average is $123.14. 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 firm has a market cap of $43.22 billion, a P/E ratio of 45.41 and a beta of 1.39. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $142.00.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. Equities analysts anticipate that CBRE Group, Inc. will post 4.99 EPS 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.