Nuveen LLC Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Nuveen LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,638,498 shares of the financial services provider’s stock, valued at approximately $214,283,000. Nuveen LLC owned about 0.55% of CBRE Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBRE. Massachusetts Financial Services Co. MA raised its holdings in shares of CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock valued at $511,781,000 after purchasing an additional 2,680,337 shares during the last quarter. GAMMA Investing LLC increased its holdings in CBRE Group by 20,889.0% during the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider’s stock worth $168,896,000 after buying an additional 1,285,300 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in CBRE Group by 85.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider’s stock worth $281,984,000 after buying an additional 991,354 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in CBRE Group by 212.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider’s stock worth $142,633,000 after buying an additional 741,477 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after buying an additional 738,704 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 105,371 shares of the company’s stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,898 shares of company stock valued at $1,122,558. 0.42% of the stock is currently owned by company insiders.

CBRE Group Trading Down 1.3%

Shares of CBRE Group stock opened at $153.43 on Tuesday. The firm has a 50-day moving average of $141.27 and a 200-day moving average of $133.89. The stock has a market cap of $45.65 billion, a PE ratio of 42.98 and a beta of 1.34. CBRE Group, Inc. has a 52-week low of $107.54 and a 52-week high of $161.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CBRE shares. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Evercore ISI boosted their target price on shares of CBRE Group from $147.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. UBS Group boosted their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $158.00.

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.