FIL Ltd Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

FIL Ltd lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 32.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,235,365 shares of the financial services provider's stock after purchasing an additional 303,811 shares during the quarter. FIL Ltd owned about 0.40% of CBRE Group worth $162,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBRE. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group in the fourth quarter worth $25,000. Denver PWM LLC purchased a new position in CBRE Group during the fourth quarter valued at $29,000. Larson Financial Group LLC lifted its position in shares of CBRE Group by 610.9% during 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 boosted its position in shares of CBRE Group by 190.4% in the fourth 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 period. Finally, Runnymede Capital Advisors Inc. purchased a new stake in CBRE Group in the 4th quarter worth $58,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was 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.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. UBS Group reduced their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.33.

CBRE Group Stock Up 1.9 %

Shares of CBRE Group stock traded up $2.26 on Monday, reaching $118.21. The stock had a trading volume of 535,253 shares, compared to its average volume of 1,804,306. The company has a 50 day moving average price of $132.59 and a 200 day moving average price of $132.32. 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 1 year low of $84.24 and a 1 year high of $147.75. The stock has a market capitalization of $35.45 billion, a P/E ratio of 37.65 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current 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.