American Century Companies Inc. Purchases 695,558 Shares of CBRE Group, Inc. (NYSE:CBRE)

American Century Companies Inc. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 150.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,157,720 shares of the financial services provider's stock after buying an additional 695,558 shares during the period. American Century Companies Inc. owned about 0.38% of CBRE Group worth $151,997,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. bought a new stake in shares of CBRE Group in the fourth quarter worth $58,000. Mizuho Securities USA LLC raised its position in shares of CBRE Group by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 28,509 shares of the financial services provider's stock worth $3,743,000 after acquiring an additional 8,977 shares during the last quarter. Quantbot Technologies LP acquired a new stake in CBRE Group during the 4th quarter valued at approximately $6,710,000. TD Private Client Wealth LLC raised its holdings in CBRE Group by 11.7% during the 4th quarter. TD Private Client Wealth LLC now owns 3,233 shares of the financial services provider's stock worth $424,000 after purchasing an additional 338 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of CBRE Group by 132.1% in the 4th quarter. Teacher Retirement System of Texas now owns 656,429 shares of the financial services provider's stock valued at $86,183,000 after purchasing an additional 373,577 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

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CBRE Group Stock Down 0.8 %

Shares of NYSE:CBRE traded down $1.05 during midday trading on Thursday, hitting $131.57. 1,779,013 shares of the company's stock were exchanged, compared to its average volume of 1,668,763. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a market cap of $39.48 billion, a PE ratio of 41.90 and a beta of 1.42. The stock has a 50 day moving average price of $137.75 and a 200-day moving average price of $132.05.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CBRE. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group began 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 dropped their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Morgan Stanley raised their price objective 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. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Three investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

About CBRE Group

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.