APG Asset Management N.V. Boosts Position in CBRE Group Inc (CBRE)

APG Asset Management N.V. grew its stake in CBRE Group Inc (NYSE:CBRE) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,376,400 shares of the financial services provider’s stock after acquiring an additional 267,000 shares during the period. APG Asset Management N.V. owned 0.40% of CBRE Group worth $48,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund raised its position in shares of CBRE Group by 1,895.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,308,488 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $38,000. Whitnell & Co. raised its position in shares of CBRE Group by 200.0% in the fourth quarter. Whitnell & Co. now owns 1,500 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,000 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $61,000. Institutional investors own 95.08% of the company’s stock.

CBRE traded up $0.32 during trading on Friday, reaching $50.73. 1,023,619 shares of the stock traded hands, compared to its average volume of 1,273,643. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $17.06 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.29 and a beta of 1.71. CBRE Group Inc has a 12 month low of $37.45 and a 12 month high of $52.41.

CBRE Group (NYSE:CBRE) last posted its earnings results on Wednesday, February 13th. The financial services provider reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.08. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $5.96 billion. CBRE Group had a net margin of 4.98% and a return on equity of 23.93%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. As a group, research analysts predict that CBRE Group Inc will post 3.57 EPS for the current fiscal year.

In related news, Director Brandon B. Boze sold 6,700,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $49.51, for a total value of $331,717,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Laurence H. Midler sold 13,848 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.43, for a total transaction of $698,354.64. Following the completion of the transaction, the executive vice president now directly owns 131,109 shares of the company’s stock, valued at $6,611,826.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,864,454 shares of company stock valued at $340,096,303. Company insiders own 0.88% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. JMP Securities reiterated a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Bank of America set a $54.00 price objective on shares of CBRE Group and gave the stock a “hold” rating in a research note on Friday, March 8th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a research note on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. CBRE Group currently has a consensus rating of “Buy” and an average target price of $56.33.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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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