CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Synovus Financial Corp

Synovus Financial Corp increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 7.8% during the 4th quarter, HoldingsChannel reports. The fund owned 12,443 shares of the financial services provider’s stock after acquiring an additional 899 shares during the quarter. Synovus Financial Corp’s holdings in CBRE Group were worth $1,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRE. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in CBRE Group during the 4th quarter worth approximately $1,518,000. Merit Financial Group LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth approximately $256,000. Fulton Bank N.A. increased its stake in shares of CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after buying an additional 19,227 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in CBRE Group in the fourth quarter valued at $175,978,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in CBRE Group by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock valued at $391,752,000 after acquiring an additional 338,298 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was 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 trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $118.54 on Wednesday. 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 firm has a market capitalization of $35.54 billion, a PE ratio of 37.75 and a beta of 1.26. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The business’s fifty day moving average price is $131.49 and its two-hundred day moving average price is $132.19.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CBRE shares. Morgan Stanley boosted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, UBS Group reduced their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

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.