Aviso Financial Inc. Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Aviso Financial Inc. acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,070 shares of the financial services provider’s stock, valued at approximately $928,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CBRE Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after purchasing an additional 56,888 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after purchasing an additional 177,119 shares in the last quarter. FMR LLC boosted its position in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its position in shares of CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock worth $623,416,000 after purchasing an additional 25,142 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley raised their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.89.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

CBRE Group Price Performance

CBRE stock opened at $125.53 on Friday. The firm’s 50-day moving average price is $137.35 and its two-hundred day moving average price is $131.06. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The stock has a market capitalization of $37.66 billion, a price-to-earnings ratio of 39.98 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.