Nomura Asset Management Co. Ltd. Acquires 359 Shares of CBRE Group, Inc. (NYSE:CBRE)

Nomura Asset Management Co. Ltd. increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,315 shares of the financial services provider’s stock after purchasing an additional 359 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in CBRE Group were worth $12,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Principal Financial Group Inc. increased its holdings in shares of CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after buying an additional 277,922 shares during the period. The Manufacturers Life Insurance Company grew its position in CBRE Group by 2.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 213,505 shares of the financial services provider’s stock worth $26,577,000 after acquiring an additional 5,743 shares during the last quarter. Townsquare Capital LLC increased its stake in CBRE Group by 70.9% in the 3rd quarter. Townsquare Capital LLC now owns 5,595 shares of the financial services provider’s stock worth $696,000 after purchasing an additional 2,322 shares during the period. Freedom Investment Management Inc. purchased a new stake in shares of CBRE Group during the third quarter valued at approximately $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CBRE Group by 3.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,806 shares of the financial services provider’s stock worth $12,050,000 after purchasing an additional 3,281 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm’s 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 sale, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $129.40 on Monday. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market capitalization of $38.82 billion, a P/E ratio of 41.21 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $137.54 and a two-hundred day simple moving average of $132.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.