CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 175.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,347 shares of the financial services provider's stock after purchasing an additional 39,678 shares during the quarter. HighTower Advisors LLC's holdings in CBRE Group were worth $8,185,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CBRE. FMR LLC raised its stake in shares of CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after purchasing an additional 3,498,244 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in shares of CBRE Group in the fourth quarter worth about $190,695,000. Manning & Napier Advisors LLC purchased a new position in shares of CBRE Group in the fourth quarter worth about $175,978,000. Los Angeles Capital Management LLC raised its position in CBRE Group by 1,499.4% during the fourth 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 acquiring an additional 993,687 shares in the last quarter. Finally, State Street Corp raised its position in CBRE Group by 5.4% during 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 acquiring an additional 692,697 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction 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 of the company's stock, 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. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent research reports. Evercore ISI reduced their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. StockNews.com raised CBRE Group from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Price Performance

Shares of NYSE:CBRE traded down $0.38 during trading on Friday, reaching $129.76. The stock had a trading volume of 3,411,570 shares, compared to its average volume of 1,947,559. 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 business has a fifty day moving average price of $137.22 and a 200-day moving average price of $131.43. The stock has a market cap of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data 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 return on equity of 16.96% and a net margin of 2.71%. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.