Rathbones Group PLC Buys 38,257 Shares of CBRE Group, Inc. (NYSE:CBRE)

Rathbones Group PLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 36.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,877 shares of the financial services provider's stock after acquiring an additional 38,257 shares during the quarter. Rathbones Group PLC's holdings in CBRE Group were worth $18,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. Geode Capital Management LLC boosted its position in shares of CBRE Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock valued at $1,035,229,000 after acquiring an additional 245,821 shares during the period. Principal Financial Group Inc. lifted its stake in CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock worth $998,039,000 after purchasing an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC boosted its holdings in CBRE Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock valued at $623,416,000 after purchasing an additional 25,142 shares during the period. Franklin Resources Inc. grew its position in shares of CBRE Group by 17.3% during the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after purchasing an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after purchasing an additional 3,011,566 shares during the period. Institutional investors own 98.41% of the company's stock.

Remove Ads

CBRE Group Trading Down 0.7 %

NYSE:CBRE traded down $0.76 during trading hours on Friday, reaching $115.89. The company's stock had a trading volume of 2,605,133 shares, compared to its average volume of 1,809,089. 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 firm has a market capitalization of $34.75 billion, a price-to-earnings ratio of 36.91 and a beta of 1.26. The firm has a 50-day simple moving average of $132.59 and a 200-day simple moving average of $132.32. 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 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following 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 disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CBRE. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James lowered 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 report on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday. Finally, StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $151.33.

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.