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

Tokio Marine Asset Management Co. Ltd. grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,339 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in CBRE Group were worth $1,226,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Canton Hathaway LLC purchased a new position in shares of CBRE Group during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the third quarter valued at approximately $32,000. Wolff Wiese Magana LLC raised its holdings in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 283 shares during the period. Asset Dedication LLC purchased a new position in CBRE Group in the third quarter valued at approximately $40,000. Finally, Versant Capital Management Inc raised its holdings in CBRE Group by 3,969.2% in the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after buying an additional 516 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research reports. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $142.71 on Tuesday. 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 company’s 50-day moving average price is $135.15 and its two-hundred day moving average price is $125.05. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $147.10. The stock has a market cap of $43.67 billion, a PE ratio of 45.89 and a beta of 1.39.

About CBRE Group

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.