Nomura Holdings Inc. Takes $5.89 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Nomura Holdings Inc. bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 44,832 shares of the financial services provider’s stock, valued at approximately $5,886,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in CBRE Group in the fourth quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership increased its position in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after buying an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in CBRE Group during the 4th quarter valued at $190,695,000. Manning & Napier Advisors LLC bought a new position in CBRE Group during the fourth quarter valued at about $175,978,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of CBRE Group by 11,750.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock valued at $161,876,000 after purchasing an additional 1,222,558 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,424 shares of company stock valued at $431,064. 0.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. UBS Group lowered their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Raymond James lowered 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, January 24th. Morgan Stanley lowered their target price on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

CBRE Group Stock Performance

CBRE opened at $130.22 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a market capitalization of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The business’s 50-day moving average price is $124.31 and its two-hundred day moving average price is $132.04.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. Equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.