Meiji Yasuda Asset Management Co Ltd. Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,002 shares of the financial services provider’s stock after acquiring an additional 441 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in CBRE Group were worth $446,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new position in CBRE Group in the 1st quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position in shares of CBRE Group by 44.8% in the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after buying an additional 165 shares during the last quarter. EdgeRock Capital LLC purchased a new position in CBRE Group in the 2nd quarter worth approximately $75,000. Spartan Planning & Wealth Management acquired a new position in CBRE Group during the fourth quarter worth $78,000. Finally, Rothschild Investment LLC purchased a new stake in shares of CBRE Group in the second quarter valued at about $80,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Trading Down 0.7 %

NYSE CBRE opened at $121.60 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $37.31 billion, a P/E ratio of 37.88 and a beta of 1.40. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $122.59. The company has a 50-day moving average of $111.03 and a 200-day moving average of $97.27.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The disclosure for this sale can be found here. Insiders have sold 27,232 shares of company stock worth $3,058,787 in the last ninety days. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CBRE shares. Morgan Stanley assumed coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Raymond James lifted their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, UBS Group reduced their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.33.

About CBRE Group

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.