Meiji Yasuda Asset Management Co Ltd. Has $695,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 5,293 shares of the financial services provider’s stock after acquiring an additional 110 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in CBRE Group were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CBRE. Prestige Wealth Management Group LLC lifted its position in shares of CBRE Group by 8.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 4,152 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 323 shares during the last quarter. Corebridge Financial Inc. increased its position in CBRE Group by 1.9% in the 4th quarter. Corebridge Financial Inc. now owns 78,742 shares of the financial services provider’s stock worth $10,338,000 after buying an additional 1,444 shares during the period. Stevens Capital Management LP lifted its holdings in shares of CBRE Group by 41.5% during the fourth quarter. Stevens Capital Management LP now owns 7,176 shares of the financial services provider’s stock worth $942,000 after buying an additional 2,103 shares during the last quarter. LPL Financial LLC boosted its position in shares of CBRE Group by 69.1% in the fourth quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider’s stock valued at $9,172,000 after acquiring an additional 28,547 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of CBRE Group in the fourth quarter valued at approximately $13,727,000. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed 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 on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Price Performance

CBRE Group stock opened at $131.57 on Friday. The business has a 50 day simple moving average of $137.69 and a 200 day simple moving average of $132.05. 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 market capitalization of $39.48 billion, a PE ratio of 41.90 and a beta of 1.42. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE) last issued 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 return on equity of 16.96% and a net margin of 2.71%. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.