CBRE Group, Inc. (NYSE:CBRE) Position Raised by Blair William & Co. IL

Blair William & Co. IL raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 126.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,478 shares of the financial services provider’s stock after purchasing an additional 11,443 shares during the quarter. Blair William & Co. IL’s holdings in CBRE Group were worth $2,689,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Artisan Partners Limited Partnership boosted its stake 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 buying an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new position in shares of CBRE Group during the 4th quarter valued at about $190,695,000. Manning & Napier Advisors LLC acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $175,978,000. Los Angeles Capital Management LLC raised its holdings in shares of CBRE Group by 1,499.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after purchasing an additional 993,687 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in CBRE Group by 150.5% during the fourth quarter. American Century Companies Inc. now owns 1,157,720 shares of the financial services provider’s stock valued at $151,997,000 after purchasing an additional 695,558 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE CBRE opened at $130.86 on Tuesday. 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 firm has a market capitalization of $39.26 billion, a price-to-earnings ratio of 41.68 and a beta of 1.42. The company has a 50 day simple moving average of $137.41 and a 200-day simple moving average of $132.45. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This 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.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CBRE shares. The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. 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 report on Monday, January 13th. Finally, 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 research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

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.