Baillie Gifford & Co. Has $509.26 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Baillie Gifford & Co. decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,878,912 shares of the financial services provider's stock after selling 563,116 shares during the quarter. Baillie Gifford & Co. owned approximately 1.27% of CBRE Group worth $509,262,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its position in shares of CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after acquiring an additional 75 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock valued at $218,000 after buying an additional 79 shares in the last quarter. Stephens Inc. AR increased its position in shares of CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock valued at $329,000 after buying an additional 80 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in CBRE Group by 2.1% during the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock worth $492,000 after purchasing an additional 82 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock worth $957,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CBRE shares. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 target price for the company. Raymond James cut 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 report on Friday, January 24th. Morgan Stanley increased their target price on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, Evercore ISI reduced their price objective 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. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Stock Performance

NYSE:CBRE traded down $1.87 during mid-day trading on Thursday, hitting $141.81. The stock had a trading volume of 1,514,369 shares, compared to its average volume of 1,848,287. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a market cap of $42.55 billion, a price-to-earnings ratio of 45.16 and a beta of 1.39. The company's 50 day simple moving average is $136.49 and its 200 day simple moving average is $128.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results 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 net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.