Gladstone Capital Management LLP Purchases New Position in CBRE Group, Inc. (NYSE:CBRE)

Gladstone Capital Management LLP purchased a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 335,045 shares of the financial services provider's stock, valued at approximately $43,988,000. CBRE Group accounts for about 3.7% of Gladstone Capital Management LLP's portfolio, making the stock its 12th largest position. Gladstone Capital Management LLP owned 0.11% of CBRE Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in CBRE Group during the fourth quarter valued at about $25,000. Denver PWM LLC bought a new position in shares of CBRE Group during the 4th quarter valued at approximately $29,000. Larson Financial Group LLC increased its holdings in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC raised 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 acquiring an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new position in CBRE Group during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased 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 note on Friday, February 14th. Evercore ISI decreased 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. JPMorgan Chase & Co. dropped 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 downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three research 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 company's stock. According to MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and an average target price of $147.44.

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Insider Activity

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company's 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 transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

CBRE Group Price Performance

CBRE traded down $5.46 during trading hours on Thursday, hitting $115.81. The company's stock had a trading volume of 1,073,317 shares, compared to its average volume of 1,964,140. The stock has a market cap of $34.75 billion, a price-to-earnings ratio of 36.89 and a beta of 1.26. The business's 50-day moving average price is $133.67 and its 200-day moving average price is $132.35. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

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 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%. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share 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.