Ariel Investments LLC Has $47.37 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Ariel Investments LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 360,823 shares of the financial services provider's stock after selling 54,685 shares during the period. Ariel Investments LLC owned 0.12% of CBRE Group worth $47,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CBRE. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $25,000. Denver PWM LLC bought a new position in shares of CBRE Group during the fourth quarter valued at $29,000. Larson Financial Group LLC boosted its stake in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of 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 in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in CBRE Group during the 4th quarter valued at about $58,000. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group cut 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. Keefe, Bruyette & Woods increased their target price on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Morgan Stanley lowered their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

CBRE Group Stock Down 1.6 %

NYSE CBRE traded down $1.97 on Tuesday, reaching $124.00. The company had a trading volume of 1,048,674 shares, compared to its average volume of 1,814,997. The company's fifty day moving average is $125.71 and its 200-day moving average is $132.09. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of 39.49 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

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

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business'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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,424 shares of company stock worth $431,064 in the last quarter. Corporate insiders own 0.42% of the company's stock.

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.