Nordea Investment Management AB Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Nordea Investment Management AB lifted its stake in CBRE Group, Inc. (NYSE:CBREFree Report) by 1,730.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,418 shares of the financial services provider’s stock after purchasing an additional 372,870 shares during the quarter. Nordea Investment Management AB’s holdings in CBRE Group were worth $38,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Headinvest LLC purchased a new position in CBRE Group in the 3rd quarter worth about $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at about $45,000. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at about $48,000. Planned Solutions Inc. bought a new stake in shares of CBRE Group during the 4th quarter valued at about $52,000. Finally, EdgeRock Capital LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 1.3 %

CBRE Group stock opened at $88.36 on Tuesday. The stock has a 50-day moving average of $87.97 and a two-hundred day moving average of $89.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The stock has a market cap of $27.11 billion, a PE ratio of 27.53 and a beta of 1.40.

CBRE Group (NYSE:CBREGet Free Report) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. CBRE Group’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. On average, research analysts anticipate that CBRE Group, Inc. will post 4.5 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Evercore ISI upped their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Finally, UBS Group decreased their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $101.17.

View Our Latest Research Report on CBRE Group

CBRE Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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