Daiwa Securities Group Inc. Has $9.33 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Daiwa Securities Group Inc. grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,924 shares of the financial services provider’s stock after buying an additional 8,662 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CBRE Group were worth $9,327,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBRE. Swedbank AB acquired a new stake in CBRE Group in the 1st quarter valued at $162,576,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after purchasing an additional 993,963 shares during the last quarter. Eminence Capital LP increased its position in shares of CBRE Group by 42.6% during the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after purchasing an additional 453,406 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of CBRE Group during the 2nd quarter worth about $36,820,000. Finally, Long Pond Capital LP acquired a new position in CBRE Group in the second quarter valued at about $29,941,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Up 2.4 %

Shares of CBRE opened at $138.74 on Tuesday. The stock’s fifty day simple moving average is $127.21 and its 200-day simple moving average is $109.17. The firm has a market capitalization of $42.46 billion, a PE ratio of 44.61 and a beta of 1.39. CBRE Group, Inc. has a 12-month low of $78.18 and a 12-month high of $140.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. As a group, research analysts predict that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CBRE. Evercore ISI raised their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.