Ethic Inc. Increases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Ethic Inc. lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,899 shares of the financial services provider's stock after acquiring an additional 6,105 shares during the period. Ethic Inc.'s holdings in CBRE Group were worth $9,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its holdings 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 acquiring an additional 245,821 shares during the period. Principal Financial Group Inc. grew its position in CBRE Group by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock worth $998,039,000 after acquiring an additional 177,119 shares during the period. Cantillon Capital Management LLC grew its position in CBRE Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock worth $623,416,000 after acquiring an additional 25,142 shares during the period. Franklin Resources Inc. grew 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 grew 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. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The shares were 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. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,424 shares of company stock valued at $431,064. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CBRE has been the subject of several analyst reports. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Trading Up 0.9%

CBRE Group stock traded up $1.14 during midday trading on Friday, reaching $126.67. 1,307,397 shares of the stock traded hands, compared to its average volume of 1,809,627. The company has a 50-day simple moving average of $124.49 and a two-hundred day simple moving average of $132.08. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The firm has a market cap of $37.76 billion, a PE ratio of 40.34 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data 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. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company's revenue was up 12.3% on a year-over-year basis. Research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.