CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,278,063 shares of the financial services provider's stock after acquiring an additional 660,887 shares during the quarter. Sei Investments Co. owned 0.74% of CBRE Group worth $299,089,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after acquiring an additional 277,922 shares during the period. Empowered Funds LLC increased its holdings in shares of CBRE Group by 10.3% in the third quarter. Empowered Funds LLC now owns 4,774 shares of the financial services provider's stock valued at $594,000 after purchasing an additional 446 shares during the period. Pathstone Holdings LLC raised its stake in shares of CBRE Group by 6.1% in the third quarter. Pathstone Holdings LLC now owns 40,256 shares of the financial services provider's stock worth $5,011,000 after purchasing an additional 2,329 shares during the last quarter. Cornerstone Advisors LLC lifted its holdings in shares of CBRE Group by 29.9% during the third quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider's stock worth $2,054,000 after purchasing an additional 3,800 shares during the period. Finally, King Luther Capital Management Corp acquired a new stake in shares of CBRE Group during the third quarter worth about $225,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

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CBRE Group Trading Down 0.8 %

NYSE CBRE traded down $1.07 on Wednesday, reaching $132.70. 1,063,383 shares of the company were exchanged, compared to its average volume of 1,667,960. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The stock has a market capitalization of $39.81 billion, a P/E ratio of 42.26 and a beta of 1.42. The business's fifty day moving average price is $137.73 and its 200 day moving average price is $132.05. 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 (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%. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company'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 transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the company'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 transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents 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.

Analyst Ratings Changes

Several analysts have commented on CBRE shares. Evercore ISI decreased their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a "buy" rating and a $176.00 price target on the stock. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. StockNews.com upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

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.