Edmond DE Rothschild Holding S.A. grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 125.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,586 shares of the financial services provider's stock after buying an additional 8,126 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in CBRE Group were worth $1,915,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the fourth quarter valued at approximately $25,000. Denver PWM LLC acquired a new position in CBRE Group in the 4th quarter valued at $29,000. Larson Financial Group LLC boosted its stake in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC boosted 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 purchasing an additional 238 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of CBRE Group in the fourth quarter worth about $58,000. 98.41% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CBRE has been the subject of a number of analyst reports. Morgan Stanley upped their price target on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Evercore ISI reduced their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.
Get Our Latest Analysis on CBRE Group
Insider Activity at CBRE Group
In related news, CFO Emma E. Giamartino sold 2,000 shares of the business'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 of the company's stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated 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 directly owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.
CBRE Group Trading Down 4.9 %
NYSE:CBRE traded down $6.02 during trading hours on Friday, reaching $117.82. 2,543,359 shares of the stock were exchanged, compared to its average volume of 1,775,171. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The business has a 50-day moving average of $136.28 and a two-hundred day moving average of $132.57. The company has a market capitalization of $35.35 billion, a price-to-earnings ratio of 37.52 and a beta of 1.26. 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 (NYSE:CBRE - Get Free Report) last posted its earnings results 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%. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.
About CBRE Group
(
Free Report)
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.
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