CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Groupama Asset Managment

Groupama Asset Managment grew its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 126.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,170 shares of the financial services provider's stock after buying an additional 10,147 shares during the period. Groupama Asset Managment's holdings in CBRE Group were worth $2,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of CBRE Group during the 4th quarter worth about $514,609,000. Artisan Partners Limited Partnership boosted its position in shares of 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 purchasing an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in CBRE Group in the fourth quarter valued at approximately $190,695,000. Manning & Napier Advisors LLC bought a new position in CBRE Group during the fourth quarter worth about $175,978,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of CBRE Group by 1,499.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider's stock valued at $139,162,000 after purchasing an additional 993,687 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CBRE shares. 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. Raymond James cut 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. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley upped 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. 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. Based on data from MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $149.89.

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Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 797 shares of the business'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 value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

CBRE Group Trading Down 4.9 %

Shares of CBRE Group stock traded down $6.02 on Friday, hitting $117.82. The stock had a trading volume of 2,543,359 shares, compared to its average volume of 1,775,171. The stock's 50-day simple moving average is $136.28 and its two-hundred day simple moving average is $132.57. The stock has a market cap 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, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS 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.