Nordea Investment Management AB Grows Stake in CBRE Group, Inc. (NYSE:CBRE)

Nordea Investment Management AB increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 396,850 shares of the financial services provider’s stock after purchasing an additional 3,632 shares during the quarter. Nordea Investment Management AB’s holdings in CBRE Group were worth $52,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. TD Asset Management Inc increased its holdings in CBRE Group by 7.3% in the 2nd quarter. TD Asset Management Inc now owns 107,106 shares of the financial services provider’s stock worth $9,544,000 after acquiring an additional 7,264 shares during the last quarter. National Bank of Canada FI raised its position in shares of CBRE Group by 26.2% in the second quarter. National Bank of Canada FI now owns 82,903 shares of the financial services provider’s stock valued at $7,127,000 after purchasing an additional 17,198 shares during the period. Victory Capital Management Inc. lifted its stake in shares of CBRE Group by 3.6% during the 2nd quarter. Victory Capital Management Inc. now owns 199,726 shares of the financial services provider’s stock valued at $17,798,000 after buying an additional 6,862 shares in the last quarter. Candriam S.C.A. boosted its holdings in CBRE Group by 101.5% in the 2nd quarter. Candriam S.C.A. now owns 52,987 shares of the financial services provider’s stock worth $4,721,000 after buying an additional 26,687 shares during the period. Finally, Savant Capital LLC raised its holdings in CBRE Group by 35.9% during the 2nd quarter. Savant Capital LLC now owns 4,916 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 1,299 shares during the period. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of analyst reports. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.33.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $128.56 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $39.34 billion, a price-to-earnings ratio of 41.34 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00. The company has a 50-day moving average price of $133.87 and a 200-day moving average price of $119.22.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

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.