Boston Common Asset Management LLC Boosts Stake in CBRE Group, Inc. (NYSE:CBRE)

Boston Common Asset Management LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,340 shares of the financial services provider's stock after purchasing an additional 7,703 shares during the quarter. Boston Common Asset Management LLC's holdings in CBRE Group were worth $13,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in CBRE Group by 37.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,289 shares of the financial services provider's stock valued at $695,000 after acquiring an additional 1,429 shares during the period. Brighton Jones LLC lifted its holdings in CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after buying an additional 11,065 shares during the period. Exchange Traded Concepts LLC lifted its holdings in CBRE Group by 444.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,397 shares of the financial services provider's stock valued at $446,000 after buying an additional 2,773 shares during the period. Blue Trust Inc. lifted its holdings in CBRE Group by 25.2% in the fourth quarter. Blue Trust Inc. now owns 11,752 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 2,367 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in CBRE Group in the fourth quarter valued at $7,549,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the transaction, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction dated 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 sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 5,396 shares of company stock valued at $685,649 in the last quarter. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price 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. 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 report on Thursday, April 24th. Finally, UBS Group lowered their price target 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. 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.22.

CBRE Group Price Performance

NYSE CBRE traded down $1.46 on Monday, hitting $123.57. The stock had a trading volume of 447,708 shares, compared to its average volume of 1,960,586. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. 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 has a market capitalization of $36.84 billion, a price-to-earnings ratio of 39.35 and a beta of 1.30. The firm has a 50-day moving average of $123.48 and a 200-day moving average of $131.41.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping 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 analysts' expectations of $8.73 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The business's quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.