Nippon Life Global Investors Americas Inc. Sells 4,780 Shares of CBRE Group, Inc. (NYSE:CBRE)

Nippon Life Global Investors Americas Inc. trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 54,160 shares of the financial services provider’s stock after selling 4,780 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in CBRE Group were worth $4,826,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock valued at $2,718,000 after purchasing an additional 23,290 shares during the last quarter. Natixis increased its position in shares of CBRE Group by 69.0% during the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after acquiring an additional 22,464 shares in the last quarter. Quantbot Technologies LP purchased a new position in CBRE Group in the 1st quarter worth approximately $1,118,000. Nordea Investment Management AB lifted its position in CBRE Group by 1,730.4% in the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock valued at $38,550,000 after acquiring an additional 372,870 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in CBRE Group by 103.8% during the 4th quarter. Fisher Asset Management LLC now owns 44,065 shares of the financial services provider’s stock valued at $4,102,000 after purchasing an additional 22,442 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $121.60 on Monday. The firm’s 50 day moving average price is $111.03 and its 200-day moving average price is $97.34. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $37.31 billion, a PE ratio of 37.88 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $122.59.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $8.39 billion for 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 company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. Equities research analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the transaction, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,232 shares of company stock valued at $3,058,787. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James boosted their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Morgan Stanley assumed coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. 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 note on Wednesday, July 3rd. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Five 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. Based on data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus 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.