Elo Mutual Pension Insurance Co Has $3.92 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Elo Mutual Pension Insurance Co boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,885 shares of the financial services provider’s stock after buying an additional 2,801 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CBRE Group were worth $3,924,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Artisan Partners Limited Partnership increased its stake in CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in CBRE Group during the 4th quarter worth $190,695,000. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter worth $175,978,000. Los Angeles Capital Management LLC raised its holdings in shares of CBRE Group by 1,499.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock valued at $139,162,000 after purchasing an additional 993,687 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in CBRE Group by 150.5% during the fourth quarter. American Century Companies Inc. now owns 1,157,720 shares of the financial services provider’s stock worth $151,997,000 after purchasing an additional 695,558 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $129.40 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The business has a 50 day moving average price of $137.54 and a 200-day moving average price of $132.15. The firm has a market cap of $38.82 billion, a PE ratio of 41.21 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. The trade was 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 currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI dropped their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Morgan Stanley upped their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Company 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.