Bank of Nova Scotia Has $6.12 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Bank of Nova Scotia lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 30.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,604 shares of the financial services provider’s stock after acquiring an additional 10,999 shares during the period. Bank of Nova Scotia’s holdings in CBRE Group were worth $6,119,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $25,000. Denver PWM LLC acquired a new stake in CBRE Group during the fourth quarter worth approximately $29,000. Larson Financial Group LLC grew its position in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after buying an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in CBRE Group in the 4th quarter valued at $58,000. 98.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chad J. Doellinger sold 797 shares of the company’s 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 completion of the transaction, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CBRE. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. UBS Group reduced their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Morgan Stanley upped their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

CBRE Group Price Performance

CBRE stock opened at $115.89 on Friday. The stock has a market cap of $34.75 billion, a price-to-earnings ratio of 36.91 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a 50 day simple moving average of $132.59 and a 200 day simple moving average of $132.26. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping 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%. Research analysts anticipate that CBRE Group, Inc. will post 5.99 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.