Vulcan Value Partners LLC Raises Holdings in CBRE Group, Inc. (NYSE:CBRE)

Vulcan Value Partners LLC grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,033,328 shares of the financial services provider's stock after purchasing an additional 69,848 shares during the quarter. CBRE Group makes up 4.5% of Vulcan Value Partners LLC's investment portfolio, making the stock its 11th largest position. Vulcan Value Partners LLC owned approximately 0.66% of CBRE Group worth $266,901,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CBRE. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group in the 4th quarter valued at $25,000. Denver PWM LLC purchased a new position in CBRE Group during the 4th quarter worth $29,000. Larson Financial Group LLC grew its position in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after purchasing an additional 238 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in CBRE Group during the 4th quarter worth $58,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

Shares of CBRE traded up $0.66 during mid-day trading on Monday, reaching $121.39. 1,337,334 shares of the company's stock were exchanged, compared to its average volume of 1,826,927. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $127.20 and a two-hundred day simple moving average of $132.09. The company has a market cap of $36.40 billion, a price-to-earnings ratio of 38.66 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CBRE. JPMorgan Chase & Co. lowered their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley reduced their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Three 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $149.00.

Insider Buying and Selling at CBRE Group

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 of the company's stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The stock was 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 disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

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.