Townsquare Capital LLC Has $1.05 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Townsquare Capital LLC lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 43.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,012 shares of the financial services provider's stock after purchasing an additional 2,417 shares during the period. Townsquare Capital LLC's holdings in CBRE Group were worth $1,052,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in CBRE Group in the fourth quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership boosted its stake in CBRE Group by 290.0% in 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 purchasing an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in shares of CBRE Group in the 4th quarter valued at about $190,695,000. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the fourth quarter valued at about $175,978,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of CBRE Group by 11,750.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock worth $161,876,000 after buying an additional 1,222,558 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

NYSE CBRE traded up $5.78 during trading on Wednesday, reaching $123.97. 738,355 shares of the company's stock were exchanged, compared to its average volume of 1,808,314. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The business has a 50 day moving average price of $128.96 and a 200-day moving average price of $131.98. The stock has a market capitalization of $37.17 billion, a P/E ratio of 39.48 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.

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

Wall Street Analyst Weigh In

CBRE has been the topic of several research reports. UBS Group cut their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Evercore ISI cut their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group raised shares of 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 research report on Thursday, January 2nd. Morgan Stanley increased their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three research 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 stock. According to MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and an average target price of $149.56.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the 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 owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company'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 transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

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.