CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,904,316 shares of the financial services provider's stock after buying an additional 245,821 shares during the quarter. Geode Capital Management LLC owned approximately 2.58% of CBRE Group worth $1,035,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its holdings in 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 in the last quarter. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after purchasing an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC raised its holdings in CBRE Group by 0.5% in 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 period. Franklin Resources Inc. boosted its position in CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after purchasing an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in CBRE Group by 290.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This trade represents a 1.83 % 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, insider Chad J. Doellinger sold 797 shares of CBRE Group 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 sale, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBRE. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $149.89.

CBRE Group Price Performance

Shares of CBRE stock traded down $1.65 during trading hours on Monday, reaching $116.43. The company had a trading volume of 1,050,345 shares, compared to its average volume of 1,772,494. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. 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 company has a market capitalization of $34.93 billion, a price-to-earnings ratio of 36.83 and a beta of 1.26. The stock has a fifty day moving average of $136.28 and a 200-day moving average of $132.66.

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 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%. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group 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.