1,340,373 Shares in CBRE Group, Inc. (NYSE:CBRE) Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,340,373 shares of the financial services provider's stock, valued at approximately $175,978,000. CBRE Group accounts for approximately 2.0% of Manning & Napier Advisors LLC's holdings, making the stock its 10th biggest holding. Manning & Napier Advisors LLC owned 0.44% of CBRE Group at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lindbrook Capital LLC raised its position in shares of CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock worth $218,000 after acquiring an additional 79 shares during the last quarter. Stephens Inc. AR boosted its stake in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock valued at $329,000 after acquiring an additional 80 shares during the last quarter. Fidelis Capital Partners LLC raised its position in shares of CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock valued at $492,000 after purchasing an additional 82 shares during the period. Private Advisor Group LLC increased its position in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock valued at $957,000 after buying an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas grew its position in CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider's stock worth $1,902,000 after buying an additional 93 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CBRE shares. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group raised shares of 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. Finally, Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Three 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $148.56.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $3.11 during trading on Thursday, hitting $144.75. 2,046,546 shares of the company were exchanged, compared to its average volume of 1,838,776. The firm's fifty day moving average price is $134.70 and its 200 day moving average price is $124.19. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $146.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $44.30 billion, a price-to-earnings ratio of 46.54 and a beta of 1.39.

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.