CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 941,239 shares of the financial services provider's stock after buying an additional 130,423 shares during the quarter. Envestnet Asset Management Inc. owned 0.31% of CBRE Group worth $123,575,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC increased its holdings in CBRE Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock worth $1,035,229,000 after acquiring an additional 245,821 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock worth $998,039,000 after purchasing an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC raised its position in shares of CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock worth $623,416,000 after purchasing an additional 25,142 shares during the last quarter. Franklin Resources Inc. lifted its stake in CBRE Group by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after buying an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after buying an additional 3,011,566 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. UBS Group decreased their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday. Evercore ISI reduced their target price 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. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $151.33.

CBRE Group Trading Down 0.7 %

CBRE Group stock traded down $0.76 during midday trading on Friday, hitting $115.89. 2,605,133 shares of the stock were exchanged, compared to its average volume of 1,809,089. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock's 50-day simple moving average is $132.59 and its 200 day simple moving average is $132.32. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 36.91 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, 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 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. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

CBRE Group Company Profile

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.