Tokio Marine Asset Management Co. Ltd. Boosts Position in CBRE Group, Inc. (NYSE:CBRE)

Tokio Marine Asset Management Co. Ltd. increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,338 shares of the financial services provider’s stock after acquiring an additional 337 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CBRE Group were worth $683,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in CBRE Group during the 4th quarter valued at about $45,000. Cary Street Partners Investment Advisory LLC increased its position in CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 326 shares during the period. Bruce G. Allen Investments LLC purchased a new position in CBRE Group during the 4th quarter valued at about $48,000. Planned Solutions Inc. purchased a new position in CBRE Group during the 4th quarter valued at about $52,000. Finally, Headinvest LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock worth $3,675,752 in the last three months. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 0.3 %

NYSE:CBRE opened at $87.28 on Friday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The stock has a market capitalization of $26.79 billion, a P/E ratio of 27.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The company’s 50-day simple moving average is $92.13 and its 200-day simple moving average is $85.30.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The company had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. CBRE Group’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business earned $1.33 EPS. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBRE. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. StockNews.com upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Raymond James raised their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. Finally, Evercore ISI raised their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, two have assigned 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 price target of $99.50.

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.