Allianz SE Makes New $2.53 Million Investment in CBRE Group, Inc. (NYSE:CBRE)

Allianz SE acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 19,375 shares of the financial services provider’s stock, valued at approximately $2,527,000.

Several other large investors also recently modified their holdings of the company. Meridian Wealth Management LLC boosted its position in CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 71 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 75 shares in the last quarter. Signaturefd LLC grew its stake in CBRE Group by 2.0% during the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 99 shares during the period. IFP Advisors Inc increased its holdings in CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in CBRE Group by 2.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock valued at $584,000 after buying an additional 104 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CBRE. Morgan Stanley raised their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $129.40 on Friday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $137.54 and a 200-day moving average price of $132.25. The company has a market cap of $38.82 billion, a PE ratio of 41.21 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities analysts anticipate 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, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now 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. 0.54% of the stock is owned by insiders.

CBRE Group Company 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.