HighTower Advisors LLC Has $8.19 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

HighTower Advisors LLC boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 175.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,347 shares of the financial services provider’s stock after purchasing an additional 39,678 shares during the quarter. HighTower Advisors LLC’s holdings in CBRE Group were worth $8,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. FMR LLC raised its stake in CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in CBRE Group in the fourth quarter valued at about $190,695,000. Manning & Napier Advisors LLC acquired a new position in CBRE Group in the fourth quarter valued at about $175,978,000. Los Angeles Capital Management LLC raised its stake in CBRE Group by 1,499.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after acquiring an additional 993,687 shares in the last quarter. Finally, State Street Corp raised its stake in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after acquiring an additional 692,697 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CBRE shares. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Keefe, Bruyette & Woods boosted their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Stock Performance

CBRE Group stock opened at $128.81 on Tuesday. The business has a 50 day moving average of $137.28 and a 200-day moving average of $131.38. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. 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 $38.65 billion, a P/E ratio of 41.02 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group 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.