Pitcairn Co. Has $710,000 Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Pitcairn Co. lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 112.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,405 shares of the financial services provider's stock after acquiring an additional 2,857 shares during the period. Pitcairn Co.'s holdings in CBRE Group were worth $710,000 at the end of the most recent quarter.

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

CBRE Group Trading Down 4.3 %

CBRE Group stock traded down $5.18 during midday trading on Thursday, reaching $116.09. The stock had a trading volume of 937,497 shares, compared to its average volume of 1,797,619. The stock has a market capitalization of $34.83 billion, a PE ratio of 37.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock's 50-day simple moving average is $133.67 and its 200 day simple moving average is $132.35. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75.

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CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating 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%. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Evercore ISI reduced their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and increased their price target for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Morgan Stanley lifted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $147.44.

Insider Activity

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on 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 transaction, the insider now owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company'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 of the company's stock, valued at approximately $13,491,941.67. The trade was a 1.83 % 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.

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.