Advisory Services Network LLC Purchases 16,569 Shares of CBRE Group, Inc. (NYSE:CBRE)

Advisory Services Network LLC increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 480.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,020 shares of the financial services provider's stock after buying an additional 16,569 shares during the quarter. Advisory Services Network LLC's holdings in CBRE Group were worth $2,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CBRE. Applied Finance Capital Management LLC acquired a new stake in CBRE Group in the fourth quarter valued at approximately $47,485,000. Bank of Nova Scotia lifted its stake in shares of CBRE Group by 30.9% in the 4th quarter. Bank of Nova Scotia now owns 46,604 shares of the financial services provider's stock valued at $6,119,000 after purchasing an additional 10,999 shares during the last quarter. FIL Ltd boosted its holdings in CBRE Group by 32.6% in the fourth quarter. FIL Ltd now owns 1,235,365 shares of the financial services provider's stock worth $162,191,000 after purchasing an additional 303,811 shares in the last quarter. Shelton Capital Management lifted its holdings in CBRE Group by 10.8% in the 4th quarter. Shelton Capital Management now owns 72,901 shares of the financial services provider's stock worth $9,571,000 after purchasing an additional 7,098 shares during the last quarter. Finally, Rathbones Group PLC boosted its position in CBRE Group by 36.6% during the fourth quarter. Rathbones Group PLC now owns 142,877 shares of the financial services provider's stock worth $18,758,000 after purchasing an additional 38,257 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

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CBRE Group Price Performance

Shares of CBRE traded down $0.47 during trading hours on Tuesday, hitting $118.54. The stock had a trading volume of 930,994 shares, compared to its average volume of 1,808,424. The stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of 37.75 and a beta of 1.26. 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's fifty day moving average is $132.02 and its two-hundred day moving average is $132.29. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was 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 of the company's stock, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Evercore ISI cut their target price 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. Morgan Stanley raised their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Raymond James lowered 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 note on Friday, January 24th. 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $151.33.

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.