CBRE Group, Inc. (NYSE:CBRE) Holdings Raised by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,978 shares of the financial services provider's stock after acquiring an additional 6,566 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in CBRE Group were worth $10,238,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CBRE. Meridian Wealth Management LLC increased its holdings in CBRE Group by 1.4% in the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after purchasing an additional 71 shares in the last quarter. Gilbert & Cook Inc. boosted its position in shares of CBRE Group by 1.4% in the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after buying an additional 75 shares during the period. IFP Advisors Inc grew its stake in shares of CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after buying an additional 100 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after buying an additional 104 shares during the period. Finally, Howard Capital Management Inc. lifted its position in CBRE Group by 4.7% during the 4th quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider's stock worth $315,000 after acquiring an additional 108 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related 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 completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction 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. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBRE. The Goldman Sachs Group started coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 price objective on the stock. StockNews.com raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Evercore ISI decreased 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 report on Monday, January 13th. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Citigroup boosted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Stock Performance

NYSE:CBRE traded up $1.40 during trading hours on Thursday, reaching $130.13. 1,428,618 shares of the stock were exchanged, compared to its average volume of 1,663,141. The stock has a market capitalization of $39.04 billion, a P/E ratio of 41.44 and a beta of 1.42. The firm has a 50 day simple moving average of $137.21 and a 200-day simple moving average of $131.44. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. 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 announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (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%. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.