Guggenheim Capital LLC Boosts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Guggenheim Capital LLC grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 62.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,757 shares of the financial services provider's stock after purchasing an additional 4,141 shares during the period. Guggenheim Capital LLC's holdings in CBRE Group were worth $1,412,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Canada Post Corp Registered Pension Plan acquired a new position in CBRE Group in the 4th quarter worth about $612,000. CreativeOne Wealth LLC bought a new position in shares of CBRE Group during the 4th quarter valued at $572,000. Mariner LLC lifted its stake in shares of CBRE Group by 19.1% in the 4th quarter. Mariner LLC now owns 58,770 shares of the financial services provider's stock valued at $7,716,000 after purchasing an additional 9,438 shares during the last quarter. Trustmark National Bank Trust Department bought a new stake in CBRE Group in the fourth quarter worth $267,000. Finally, Synovus Financial Corp raised its holdings in CBRE Group by 7.8% during the fourth quarter. Synovus Financial Corp now owns 12,443 shares of the financial services provider's stock valued at $1,634,000 after buying an additional 899 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction dated 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 directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $2.00 during trading hours on Friday, reaching $120.88. 1,715,604 shares of the stock were exchanged, compared to its average volume of 1,825,909. The firm has a market capitalization of $36.25 billion, a price-to-earnings ratio of 38.50 and a beta of 1.26. The stock's fifty day simple moving average is $127.65 and its 200 day simple moving average is $131.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley decreased their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $149.00.

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.