CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Johnson Financial Group Inc.

Johnson Financial Group Inc. boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,711 shares of the financial services provider’s stock after purchasing an additional 1,019 shares during the quarter. Johnson Financial Group Inc.’s holdings in CBRE Group were worth $904,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CBRE. Harris Associates L P boosted its stake in CBRE Group by 4.0% in the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock valued at $1,131,677,000 after acquiring an additional 586,661 shares in the last quarter. FMR LLC boosted its stake in CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock valued at $699,157,000 after acquiring an additional 288,287 shares in the last quarter. Invesco Ltd. boosted its stake in CBRE Group by 0.4% in the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock valued at $523,208,000 after acquiring an additional 28,316 shares in the last quarter. Principal Financial Group Inc. boosted its stake in CBRE Group by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 6,867,581 shares of the financial services provider’s stock valued at $639,303,000 after acquiring an additional 46,763 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in CBRE Group by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,868,834 shares of the financial services provider’s stock valued at $546,330,000 after acquiring an additional 44,648 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

Shares of CBRE traded down $0.15 during mid-day trading on Friday, hitting $87.50. 999,532 shares of the company’s stock were exchanged, compared to its average volume of 1,659,673. The firm has a market capitalization of $26.85 billion, a P/E ratio of 27.26 and a beta of 1.44. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The business’s 50 day moving average is $90.63 and its two-hundred day moving average is $87.95. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. On average, equities analysts expect that CBRE Group, Inc. will post 4.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price for the company. Evercore ISI increased their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $99.50.

CBRE Group 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.