Brown Advisory Inc. Purchases 23,772 Shares of CBRE Group, Inc. (NYSE:CBRE)

Brown Advisory Inc. increased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 22.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,727 shares of the financial services provider's stock after purchasing an additional 23,772 shares during the period. Brown Advisory Inc.'s holdings in CBRE Group were worth $16,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of CBRE Group during the fourth quarter worth about $514,609,000. Artisan Partners Limited Partnership boosted its position in CBRE Group by 290.0% during the 4th 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 last quarter. GAMMA Investing LLC grew its stake in shares of CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after acquiring an additional 1,285,300 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of CBRE Group by 11,750.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after purchasing an additional 1,222,558 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of CBRE Group by 8,046.9% in the fourth quarter. Bessemer Group Inc. now owns 1,140,315 shares of the financial services provider's stock worth $149,710,000 after purchasing an additional 1,126,318 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CBRE shares. Keefe, Bruyette & Woods raised 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 report on Wednesday, April 30th. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group raised their price target on 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 reiterated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. decreased 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 investment 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.78.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer directly owned 105,371 shares in the company, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the transaction, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at $2,818,340. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

NYSE CBRE traded down $0.77 during trading on Friday, reaching $140.44. The company's stock had a trading volume of 1,049,015 shares, compared to its average volume of 1,815,737. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 12 month low of $93.31 and a 12 month high of $147.75. The firm has a 50 day moving average price of $131.50 and a 200 day moving average price of $131.46. The firm has a market capitalization of $41.87 billion, a price-to-earnings ratio of 27.21 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS 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.