Arrowstreet Capital Limited Partnership Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Arrowstreet Capital Limited Partnership boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 86.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,298,037 shares of the financial services provider’s stock after purchasing an additional 602,659 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.42% of CBRE Group worth $170,419,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CBRE. Allianz SE bought a new stake in shares of CBRE Group during the fourth quarter worth $2,527,000. Intrust Bank NA boosted its position in CBRE Group by 8.9% in the 4th quarter. Intrust Bank NA now owns 13,010 shares of the financial services provider’s stock valued at $1,708,000 after buying an additional 1,060 shares during the period. Allstate Corp bought a new position in CBRE Group in the 4th quarter worth about $1,202,000. Brown Brothers Harriman & Co. increased its position in shares of CBRE Group by 11.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 487,133 shares of the financial services provider’s stock worth $63,956,000 after acquiring an additional 51,964 shares during the period. Finally, DnB Asset Management AS raised its stake in shares of CBRE Group by 28.0% during the fourth quarter. DnB Asset Management AS now owns 67,840 shares of the financial services provider’s stock valued at $8,907,000 after acquiring an additional 14,831 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Down 1.6 %

NYSE:CBRE opened at $129.40 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $38.82 billion, a price-to-earnings ratio of 41.21 and a beta of 1.42. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The firm has a 50 day moving average of $137.54 and a 200 day moving average of $132.36.

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, 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%. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated 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 owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The sale 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 business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

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.