Daiwa Securities Group Inc. lifted its stake in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,902 shares of the financial services provider’s stock after acquiring an additional 4,618 shares during the period. Daiwa Securities Group Inc.’s holdings in CBRE Group were worth $10,757,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CBRE. Navalign LLC bought a new position in shares of CBRE Group in the 4th quarter worth $29,000. Ameriflex Group Inc. bought a new position in shares of CBRE Group in the 3rd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CBRE Group in the 4th quarter worth $42,000. SBI Securities Co. Ltd. raised its position in shares of CBRE Group by 37.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 73 shares in the last quarter. Finally, Caitlin John LLC bought a new position in shares of CBRE Group in the 3rd quarter worth $45,000. 98.41% of the stock is owned by institutional investors.
CBRE Group Trading Up 0.1%
Shares of NYSE:CBRE opened at $131.09 on Friday. The business’s 50-day moving average is $138.48 and its 200 day moving average is $149.64. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The firm has a market capitalization of $38.39 billion, a P/E ratio of 29.86 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08.
Analysts Set New Price Targets
CBRE has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Raymond James Financial set a $180.00 price target on CBRE Group and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Evercore reissued an “outperform” rating and issued a $179.00 price target on shares of CBRE Group in a research report on Friday, April 24th. Finally, Barclays boosted their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $180.29.
Get Our Latest Stock Analysis on CBRE Group
Insider Activity
In other CBRE Group news, insider Chad J. Doellinger sold 471 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider owned 42,519 shares in the company, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,944 shares of company stock worth $387,153 over the last ninety days. 0.46% of the stock is currently owned by corporate insiders.
CBRE Group Profile
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
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