Nisa Investment Advisors LLC Decreases Stake in CBRE Group, Inc. (NYSE:CBRE)

Nisa Investment Advisors LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,630 shares of the financial services provider’s stock after selling 1,645 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of CBRE Group worth $16,163,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CBRE. Norges Bank purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $255,749,000. Harris Associates L P lifted its position in shares of CBRE Group by 9.6% during the 2nd quarter. Harris Associates L P now owns 14,735,255 shares of the financial services provider’s stock worth $1,189,282,000 after buying an additional 1,292,532 shares during the last quarter. Principal Financial Group Inc. raised its position in CBRE Group by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after purchasing an additional 894,521 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in CBRE Group in the 4th quarter valued at $65,416,000. Finally, Balyasny Asset Management L.P. raised its position in CBRE Group by 26,570.0% in the 1st quarter. Balyasny Asset Management L.P. now owns 800,900 shares of the financial services provider’s stock valued at $58,314,000 after purchasing an additional 797,897 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CBRE shares. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods upped their price target 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. Raymond James upped their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Evercore ISI upped their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.67.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, 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 transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction 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 $6,766,895.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 in the last ninety days. 0.53% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE opened at $96.60 on Tuesday. 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 stock has a market capitalization of $29.53 billion, a P/E ratio of 30.47 and a beta of 1.42. The company’s fifty day moving average is $91.86 and its two-hundred day moving average is $84.03. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the company posted $1.33 EPS. CBRE Group’s revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.46 earnings per share for the current year.

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.