Vision Capital Corp Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Vision Capital Corp acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,300 shares of the financial services provider's stock, valued at approximately $3,453,000. CBRE Group comprises approximately 0.6% of Vision Capital Corp's holdings, making the stock its 13th largest position.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted 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 buying an additional 245,821 shares in the last quarter. Principal Financial Group Inc. grew its stake in CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after purchasing an additional 177,119 shares during the period. Cantillon Capital Management LLC raised its stake in shares of CBRE Group by 0.5% during the 4th 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 period. Franklin Resources Inc. raised its position in CBRE Group by 17.3% in the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after acquiring an additional 605,403 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after acquiring an additional 3,011,566 shares during the period. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm'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 in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The shares were 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 of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

CBRE Group Price Performance

NYSE CBRE traded down $2.00 during trading on Friday, reaching $120.88. The company's stock had a trading volume of 1,715,594 shares, compared to its average volume of 2,025,356. The firm has a fifty day moving average of $128.10 and a 200 day moving average of $131.93. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock has a market capitalization of $36.25 billion, a PE ratio of 38.50 and a beta of 1.26. 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 (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CBRE. Jefferies Financial Group upgraded shares of 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 research note on Thursday, January 2nd. Morgan Stanley cut their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday. Evercore ISI dropped their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. UBS Group reduced their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $149.00.

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.