CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,039 shares of the financial services provider’s stock after purchasing an additional 1,002 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in CBRE Group were worth $1,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in shares of CBRE Group during the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the 3rd quarter valued at approximately $32,000. Wolff Wiese Magana LLC boosted its stake in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of CBRE Group during the 1st quarter worth about $30,000. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the subject of several analyst reports. Morgan Stanley started coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Raymond James increased 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. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Insiders Place Their Bets

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group 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 transaction, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. The trade was a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Stock Down 1.3 %

Shares of NYSE CBRE opened at $130.23 on Friday. CBRE Group, Inc. has a 12-month low of $76.63 and a 12-month high of $137.93. The company has a market cap of $39.85 billion, a P/E ratio of 41.87 and a beta of 1.39. 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 stock has a fifty day moving average price of $124.93 and a 200 day moving average price of $106.60.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Research analysts anticipate that CBRE Group, Inc. will post 4.96 EPS for the current fiscal year.

CBRE Group Company Profile

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.