Elo Mutual Pension Insurance Co Raises Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Elo Mutual Pension Insurance Co lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.3% in the fourth quarter, HoldingsChannel reports. The fund owned 29,885 shares of the financial services provider’s stock after acquiring an additional 2,801 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CBRE Group were worth $3,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in CBRE Group in the 4th quarter worth $5,837,000. Artisan Partners Limited Partnership lifted its position in shares of CBRE Group by 290.0% in the fourth 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CBRE Group by 8.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471,756 shares of the financial services provider’s stock valued at $62,036,000 after buying an additional 36,263 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in CBRE Group during the 4th quarter valued at approximately $341,000. Finally, Morey & Quinn Wealth Partners LLC bought a new stake in CBRE Group in the 4th quarter worth approximately $238,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $129.40 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average price is $137.54 and its 200-day moving average price is $132.15. The firm has a market cap of $38.82 billion, a P/E ratio of 41.21 and a beta of 1.42. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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.