133,600 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 133,600 shares of the financial services provider’s stock, valued at approximately $17,514,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CBRE. Principal Financial Group Inc. raised its stake in shares of CBRE Group by 3.9% during the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after purchasing an additional 277,922 shares during the last quarter. Verition Fund Management LLC raised its position in CBRE Group by 33.5% during the 3rd quarter. Verition Fund Management LLC now owns 13,422 shares of the financial services provider’s stock worth $1,671,000 after buying an additional 3,370 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of CBRE Group in the 3rd quarter worth $442,000. Integrated Wealth Concepts LLC purchased a new stake in shares of CBRE Group in the third quarter valued at about $208,000. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of CBRE Group by 3.4% in the third quarter. Royal London Asset Management Ltd. now owns 129,750 shares of the financial services provider’s stock valued at $16,151,000 after acquiring an additional 4,248 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CBRE shares. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley boosted their target price 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Price Performance

CBRE Group stock opened at $117.82 on Friday. The firm has a market capitalization of $35.35 billion, a PE ratio of 37.52 and a beta of 1.26. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The firm’s 50-day simple moving average is $136.28 and its 200 day simple moving average is $132.57. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

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 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 predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents 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.

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.