CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,144,300 shares of the financial services provider's stock after purchasing an additional 3,985 shares during the period. Bessemer Group Inc. owned about 0.38% of CBRE Group worth $149,650,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased 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 acquiring an additional 245,821 shares during the period. Cantillon Capital Management LLC grew its stake 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 purchasing an additional 25,142 shares in the last quarter. Franklin Resources Inc. increased its holdings in CBRE Group by 17.3% during the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after purchasing an additional 605,403 shares during the period. Artisan Partners Limited Partnership increased its holdings 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 purchasing an additional 3,011,566 shares during the period. Finally, Norges Bank bought a new stake in CBRE Group during the 4th quarter valued at $514,609,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

NYSE:CBRE traded up $3.11 during trading hours on Thursday, hitting $138.33. 1,901,948 shares of the company were exchanged, compared to its average volume of 1,809,541. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. CBRE Group, Inc. has a 52-week low of $85.74 and a 52-week high of $147.75. The stock has a market capitalization of $41.24 billion, a price-to-earnings ratio of 42.30 and a beta of 1.29. The company's 50 day moving average price is $126.94 and its 200-day moving average price is $130.94.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CBRE shares. UBS Group dropped their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. 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. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.33.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the sale, the chief accounting officer now directly owns 20,131 shares of the company's stock, valued at approximately $2,818,340. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,031 shares of company stock worth $814,080. 0.42% of the stock is owned by company 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.