DekaBank Deutsche Girozentrale Has $40.88 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

DekaBank Deutsche Girozentrale increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 425,203 shares of the financial services provider’s stock after buying an additional 9,209 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.14% of CBRE Group worth $40,878,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in shares of CBRE Group during the 1st quarter valued at $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group during the fourth quarter worth $45,000. EdgeRock Capital LLC acquired a new stake in CBRE Group in the fourth quarter valued at $59,000. Spartan Planning & Wealth Management bought a new position in CBRE Group during the 4th quarter worth $78,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of CBRE Group by 75.9% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 897 shares of the financial services provider’s stock valued at $84,000 after buying an additional 387 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the sale, the chief accounting officer now owns 16,606 shares in the company, valued at approximately $1,824,501.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CBRE. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Morgan Stanley began coverage on shares of CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods increased their price target on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Jefferies Financial Group began coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.29.

CBRE Group Stock Down 1.8 %

NYSE CBRE traded down $2.01 during trading hours on Friday, hitting $110.38. The company’s stock had a trading volume of 1,810,196 shares, compared to its average volume of 1,829,488. The company has a market capitalization of $33.82 billion, a PE ratio of 34.39 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $114.51. The company’s 50-day simple moving average is $92.84 and its two-hundred day simple moving average is $90.96.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Research analysts anticipate that CBRE Group, Inc. will post 4.84 EPS for the current fiscal year.

CBRE Group 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.