Pictet Asset Management Holding SA Boosts Stake in CBRE Group, Inc. (NYSE:CBRE)

Pictet Asset Management Holding SA raised its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,941 shares of the financial services provider's stock after acquiring an additional 15,924 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of CBRE Group worth $25,069,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CBRE. Meridian Wealth Management LLC increased its holdings in CBRE Group by 1.4% in the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after purchasing an additional 71 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of CBRE Group by 1.4% in the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after buying an additional 75 shares during the period. Signaturefd LLC raised its holdings in CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after buying an additional 99 shares during the last quarter. IFP Advisors Inc boosted its position in CBRE Group by 9.1% during the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after buying an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC grew its holdings in CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after acquiring an additional 104 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction dated 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 sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CBRE. The Goldman Sachs Group began coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 price target for the company. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI lowered their price objective 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 upped their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Morgan Stanley raised their price target 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Trading Down 4.9 %

Shares of CBRE stock traded down $6.02 during trading hours on Friday, hitting $117.82. 2,543,359 shares of the company were exchanged, compared to its average volume of 1,775,171. 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 fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a 50 day simple moving average of $136.28 and a two-hundred day simple moving average of $132.57. The firm has a market cap of $35.35 billion, a P/E ratio of 37.52 and a beta of 1.26.

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

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.