Earnest Partners LLC Buys 49,862 Shares of CBRE Group, Inc. (NYSE:CBRE)

Earnest Partners LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,696,955 shares of the financial services provider's stock after acquiring an additional 49,862 shares during the period. CBRE Group comprises 2.2% of Earnest Partners LLC's investment portfolio, making the stock its 3rd biggest holding. Earnest Partners LLC owned about 1.21% of CBRE Group worth $485,373,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after purchasing an additional 277,922 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth approximately $285,000. Wilmington Savings Fund Society FSB acquired a new position in shares of CBRE Group in the 3rd quarter valued at $2,330,000. Tidal Investments LLC grew its position in shares of CBRE Group by 97.4% in the 3rd quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider's stock valued at $1,281,000 after buying an additional 5,077 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in CBRE Group by 2.9% during the 3rd quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider's stock worth $1,437,000 after acquiring an additional 330 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

CBRE traded up $3.69 during trading on Friday, reaching $127.21. The company's stock had a trading volume of 504,349 shares, compared to its average volume of 1,823,929. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company's fifty day moving average price is $126.24 and its 200-day moving average price is $131.96. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a market capitalization of $37.92 billion, a price-to-earnings ratio of 40.50 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the firm posted $0.78 EPS. The business's revenue was up 12.3% compared to the same quarter last year. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business's 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 sale, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 107,343 shares of the company's stock, 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. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CBRE shares. Evercore ISI dropped 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. JPMorgan Chase & Co. dropped their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley reduced their price objective 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. UBS Group lowered their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $149.22.

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.