Massachusetts Financial Services Co. MA Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Massachusetts Financial Services Co. MA raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11,750.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,232,962 shares of the financial services provider's stock after acquiring an additional 1,222,558 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.40% of CBRE Group worth $161,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of CBRE Group during the 4th quarter valued at $1,518,000. Merit Financial Group LLC bought a new position in shares of CBRE Group in the fourth quarter worth about $256,000. Fulton Bank N.A. grew its position in shares of CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after purchasing an additional 19,227 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock worth $477,000 after purchasing an additional 3,807 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in CBRE Group in the 4th quarter worth approximately $175,978,000. Institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

CBRE has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Morgan Stanley raised their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday. Finally, StockNews.com cut CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $147.44.

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CBRE Group Trading Down 4.8 %

CBRE stock traded down $5.81 during mid-day trading on Thursday, reaching $115.47. 812,022 shares of the stock traded hands, compared to its average volume of 1,797,125. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. 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 stock has a market capitalization of $34.64 billion, a PE ratio of 36.63 and a beta of 1.26. The business has a 50-day moving average price of $133.67 and a two-hundred day moving average price of $132.35.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS 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%. Equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value 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 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. Company insiders own 0.54% of the company's stock.

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.