CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 212.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,090,631 shares of the financial services provider's stock after acquiring an additional 741,477 shares during the quarter. Assenagon Asset Management S.A. owned about 0.36% of CBRE Group worth $142,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC lifted its position in 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 valued at $1,035,229,000 after purchasing an additional 245,821 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after buying an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC lifted its holdings in shares of CBRE Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock valued at $623,416,000 after acquiring an additional 25,142 shares during the last quarter. 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 in the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in 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 acquiring an additional 3,011,566 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now directly owns 105,371 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares of the company's stock, valued at $3,522,467.25. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,599 shares of company stock worth $584,980 over the last quarter. Insiders own 0.42% of the company's stock.

CBRE Group Stock Down 2.0%

Shares of CBRE stock traded down $2.65 on Friday, hitting $132.87. The stock had a trading volume of 1,097,705 shares, compared to its average volume of 1,825,582. CBRE Group, Inc. has a one year low of $85.74 and a one year high of $147.75. The business has a 50 day moving average price of $123.81 and a 200 day moving average price of $131.19. The company has a market cap of $39.61 billion, a PE ratio of 42.32 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. Research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group lowered their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective 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 raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. 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 report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

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.