CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Shelton Capital Management

Shelton Capital Management boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,901 shares of the financial services provider's stock after acquiring an additional 7,098 shares during the period. Shelton Capital Management's holdings in CBRE Group were worth $9,571,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of CBRE Group during the 4th quarter valued at $514,609,000. Artisan Partners Limited Partnership grew its position in CBRE Group by 290.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in CBRE Group during the fourth quarter worth about $190,695,000. Manning & Napier Advisors LLC purchased a new position in shares of CBRE Group in the 4th quarter worth about $175,978,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of CBRE Group by 11,750.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after purchasing an additional 1,222,558 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI cut their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Morgan Stanley upped their target price on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and raised their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and an average price target of $151.33.

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CBRE Group Stock Down 0.7 %

NYSE CBRE traded down $0.76 during trading hours on Friday, reaching $115.89. 2,605,133 shares of the company traded hands, compared to its average volume of 1,809,089. The company has a 50 day moving average of $132.59 and a two-hundred day moving average of $132.32. The stock has a market capitalization of $34.75 billion, a PE ratio of 36.91 and a beta of 1.26. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. 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 posted its quarterly 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 return on equity of 16.96% and a net margin of 2.71%. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business'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 owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.