Vanguard Group Inc. Buys 70,680 Shares of CBRE Group, Inc. (NYSE:CBRE)

Vanguard Group Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,448,322 shares of the financial services provider's stock after purchasing an additional 70,680 shares during the period. Vanguard Group Inc. owned about 15.83% of CBRE Group worth $6,360,780,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Algert Global LLC bought a new position in CBRE Group in the 3rd quarter valued at approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of CBRE Group in the 4th quarter valued at $1,518,000. Merit Financial Group LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at $256,000. Fulton Bank N.A. grew its position in CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after acquiring an additional 19,227 shares during the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock worth $477,000 after purchasing an additional 3,807 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

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CBRE Group Stock Down 1.6 %

Shares of NYSE CBRE traded down $2.12 during trading on Friday, hitting $129.40. The stock had a trading volume of 1,218,782 shares, compared to its average volume of 1,756,159. The firm has a fifty day moving average of $137.54 and a two-hundred day moving average of $132.15. The company has a market capitalization of $38.82 billion, a PE ratio of 41.21 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results 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 net margin of 2.71% and a return on equity of 16.96%. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CBRE shares. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 price target on the stock. Evercore ISI lowered their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a 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 research note on Thursday, January 2nd. Three research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.89.

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.