LPL Financial LLC Has $9.17 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

LPL Financial LLC increased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 69.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,863 shares of the financial services provider's stock after buying an additional 28,547 shares during the period. LPL Financial LLC's holdings in CBRE Group were worth $9,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of CBRE Group in the fourth quarter worth $13,727,000. Sei Investments Co. grew its holdings in CBRE Group by 40.9% during the 4th quarter. Sei Investments Co. now owns 2,278,063 shares of the financial services provider's stock worth $299,089,000 after acquiring an additional 660,887 shares in the last quarter. American Century Companies Inc. increased its position in shares of CBRE Group by 150.5% in the 4th quarter. American Century Companies Inc. now owns 1,157,720 shares of the financial services provider's stock worth $151,997,000 after purchasing an additional 695,558 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of CBRE Group in the 4th quarter worth about $58,000. Finally, Mizuho Securities USA LLC raised its stake in shares of CBRE Group by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 28,509 shares of the financial services provider's stock valued at $3,743,000 after purchasing an additional 8,977 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CBRE. Morgan Stanley increased their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and upped their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $149.89.

Remove Ads

CBRE Group Stock Up 6.3 %

NYSE CBRE traded up $7.23 on Wednesday, reaching $121.17. The stock had a trading volume of 4,838,675 shares, compared to its average volume of 1,800,707. 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 1 year low of $84.24 and a 1 year high of $147.75. The business has a 50 day moving average price of $133.67 and a 200 day moving average price of $132.35. The company has a market capitalization of $36.36 billion, a price-to-earnings ratio of 38.59 and a beta of 1.26.

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 (EPS) 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, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group 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 owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. The trade was 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.

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.