Wellington Management Group LLP Has $117.17 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Wellington Management Group LLP decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 941,285 shares of the financial services provider's stock after selling 8,318 shares during the period. Wellington Management Group LLP owned approximately 0.31% of CBRE Group worth $117,171,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock valued at $1,672,204,000 after buying an additional 692,697 shares during the period. Quantinno Capital Management LP raised its position in CBRE Group by 6.3% in the third quarter. Quantinno Capital Management LP now owns 111,475 shares of the financial services provider's stock worth $13,876,000 after acquiring an additional 6,609 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in CBRE Group by 3.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 129,750 shares of the financial services provider's stock valued at $16,151,000 after acquiring an additional 4,248 shares during the last quarter. Maven Securities LTD bought a new position in shares of CBRE Group during the 3rd quarter valued at about $321,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth approximately $208,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CBRE shares. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday. They issued a "buy" rating and a $176.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Evercore ISI raised their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Finally, Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.63.

CBRE Group Stock Down 1.0 %

CBRE Group stock traded down $1.41 during mid-day trading on Tuesday, hitting $135.88. 1,548,142 shares of the company's stock were exchanged, compared to its average volume of 1,684,199. CBRE Group, Inc. has a 1-year low of $81.62 and a 1-year high of $142.00. The stock has a 50 day moving average of $130.52 and a two-hundred day moving average of $112.59. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $41.58 billion, a P/E ratio of 43.69 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm earned $0.72 EPS. CBRE Group's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, analysts anticipate that CBRE Group, Inc. will post 4.99 EPS 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.