Sagespring Wealth Partners LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Sagespring Wealth Partners LLC acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,463 shares of the financial services provider's stock, valued at approximately $323,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James downgraded 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 research report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price objective on CBRE Group from $145.00 to $129.00 and set a "market perform" rating on the stock in a research note on Thursday. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $149.56.

CBRE Group Stock Down 2.6 %

Shares of CBRE Group stock traded down $3.02 during trading on Monday, reaching $114.61. The company had a trading volume of 145,730 shares, compared to its average volume of 1,802,189. The company has a market cap of $34.37 billion, a price-to-earnings ratio of 36.58 and a beta of 1.26. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm's fifty day moving average is $129.97 and its 200-day moving average is $132.11. 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 (NYSE:CBRE - Get Free Report) last issued its earnings results 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 net margin of 2.71% and a return on equity of 16.96%. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the firm'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 transaction, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

CBRE Group Company 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.