Natixis Advisors L.P. Acquires 39,772 Shares of CBRE Group, Inc. (NYSE:CBRE)

Natixis Advisors L.P. lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 591,262 shares of the financial services provider’s stock after purchasing an additional 39,772 shares during the period. Natixis Advisors L.P. owned 0.19% of CBRE Group worth $55,039,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its position in CBRE Group by 5.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 602 shares during the last quarter. SVB Wealth LLC grew its holdings in CBRE Group by 50.2% in the 3rd quarter. SVB Wealth LLC now owns 6,014 shares of the financial services provider’s stock valued at $444,000 after buying an additional 2,010 shares during the last quarter. Raymond James & Associates increased its position in CBRE Group by 2.8% in the 3rd quarter. Raymond James & Associates now owns 240,544 shares of the financial services provider’s stock worth $17,767,000 after buying an additional 6,662 shares during the period. Bailard Inc. lifted its holdings in shares of CBRE Group by 30.9% during the third quarter. Bailard Inc. now owns 7,238 shares of the financial services provider’s stock worth $535,000 after buying an additional 1,708 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of CBRE Group by 37.5% in the third quarter. Brown Advisory Inc. now owns 63,524 shares of the financial services provider’s stock valued at $4,692,000 after acquiring an additional 17,323 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CBRE. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their price target on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Raymond James lifted their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Evercore ISI raised their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group assumed 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. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Hold” and an average price target of $99.50.

CBRE Group Price Performance

Shares of NYSE:CBRE traded down $0.18 during trading on Friday, reaching $86.61. The stock had a trading volume of 2,301,063 shares, compared to its average volume of 1,585,100. The stock has a market capitalization of $26.58 billion, a PE ratio of 27.32 and a beta of 1.44. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The business’s 50-day moving average price is $91.77 and its 200 day moving average price is $85.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17.

CBRE Group (NYSE:CBRE) last announced its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. As a group, equities analysts predict that CBRE Group, Inc. will post 4.45 earnings per share for the current year.

Insider Activity at CBRE Group

In other news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock valued at $3,675,752 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.