Vanguard Group Inc. Raises Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Vanguard Group Inc. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,448,322 shares of the financial services provider’s stock after acquiring an additional 70,680 shares during the period. Vanguard Group Inc. owned 15.83% of CBRE Group worth $6,360,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Algert Global LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in CBRE Group in the 4th quarter worth approximately $1,518,000. Merit Financial Group LLC purchased a new position in CBRE Group in the 4th quarter worth approximately $256,000. Fulton Bank N.A. grew its stake in CBRE Group by 342.0% in the 4th 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 in the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after buying an additional 3,807 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CBRE shares. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI cut their price objective 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. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Morgan Stanley upped their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Down 0.3 %

Shares of NYSE CBRE opened at $129.76 on Monday. 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, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market capitalization of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42. The firm has a fifty day simple moving average of $137.34 and a two-hundred day simple moving average of $131.76.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data 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%. Equities analysts expect 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.