Robeco Institutional Asset Management B.V. Has $391.75 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Robeco Institutional Asset Management B.V. boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,983,867 shares of the financial services provider’s stock after acquiring an additional 338,298 shares during the quarter. CBRE Group accounts for about 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 21st biggest position. Robeco Institutional Asset Management B.V.’s holdings in CBRE Group were worth $391,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of CBRE. Canton Hathaway LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $27,000. American National Bank & Trust acquired a new stake in CBRE Group in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC grew its position in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

CBRE Group Trading Down 0.2 %

Shares of CBRE Group stock opened at $142.77 on Wednesday. The stock’s 50-day simple moving average is $134.28 and its 200 day simple moving average is $123.72. CBRE Group, Inc. has a 52-week low of $82.75 and a 52-week high of $143.69. The stock has a market capitalization of $43.69 billion, a P/E ratio of 45.91 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

Analyst Ratings Changes

CBRE has been the topic of a number of analyst reports. Evercore ISI cut their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Finally, Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Three investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $148.56.

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.