Adage Capital Partners GP L.L.C. Has $90.07 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Adage Capital Partners GP L.L.C. lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 686,000 shares of the financial services provider's stock after selling 52,900 shares during the period. Adage Capital Partners GP L.L.C. owned 0.22% of CBRE Group worth $90,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. acquired a new position in CBRE Group in the fourth quarter valued at approximately $25,000. Denver PWM LLC purchased a new position in shares of CBRE Group during the 4th quarter worth $29,000. Larson Financial Group LLC increased its position in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after buying an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $58,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

Shares of CBRE traded up $0.66 during midday trading on Monday, reaching $121.39. The stock had a trading volume of 1,337,334 shares, compared to its average volume of 1,826,926. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week 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 $36.40 billion, a P/E ratio of 38.66 and a beta of 1.26. The firm's 50 day moving average price is $127.65 and its 200-day moving average price is $132.10.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the company posted $0.78 EPS. The company's revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast 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, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CBRE shares. Morgan Stanley dropped their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday. UBS Group reduced their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Keefe, Bruyette & Woods lowered their target price on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.00.

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.