2,913 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,913 shares of the financial services provider's stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRE. Principal Financial Group Inc. lifted its position in shares of CBRE Group by 4.8% during the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CBRE Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock worth $1,035,229,000 after purchasing an additional 245,821 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after buying an additional 605,403 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of 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 worth $531,736,000 after buying an additional 3,011,566 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CBRE Group during the fourth quarter worth approximately $514,609,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price 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. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group upped their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. lowered 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 note on Thursday, April 10th. Three equities 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $152.78.

CBRE Group Stock Performance

Shares of NYSE CBRE traded up $0.70 during mid-day trading on Friday, reaching $139.47. 995,865 shares of the company were exchanged, compared to its average volume of 1,809,873. The company's 50-day simple moving average is $133.13 and its 200-day simple moving average is $131.78. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $41.58 billion, a P/E ratio of 42.65 and a beta of 1.30. CBRE Group, Inc. has a twelve month low of $96.38 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. CBRE Group's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,497 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $209,580.00. Following the transaction, the chief accounting officer directly owned 28,211 shares of the company's stock, valued at $3,949,540. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm'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 directly owned 105,371 shares in the company, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock worth $814,080 in the last quarter. 0.42% of the stock is currently owned by corporate insiders.

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.