Rathbones Group PLC Acquires 154,977 Shares of CBRE Group, Inc. (NYSE:CBRE)

Key Points

• Rathbones Group PLC significantly increased its stake in CBRE Group, Inc. by 108.5%, owning approximately $38.95 million worth of shares as of the latest SEC filing.
• Several other institutional investors, including Principal Financial Group and Massachusetts Financial Services, also raised their holdings in CBRE Group during the first quarter.
• CBRE Group recently reported $1.19 EPS for the quarter, surpassing estimates, and has an average rating of "Moderate Buy" with a target price of around $158.00.

Rathbones Group PLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 108.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 297,854 shares of the financial services provider's stock after buying an additional 154,977 shares during the period. Rathbones Group PLC owned about 0.10% of CBRE Group worth $38,953,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in CBRE Group by 4.8% in the 1st 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 during the period. Invesco Ltd. boosted its stake in CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock worth $837,938,000 after purchasing an additional 397,818 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of CBRE Group by 217.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares during the period. Northern Trust Corp boosted its stake in shares of CBRE Group by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock valued at $497,525,000 after buying an additional 424,663 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of CBRE Group by 24.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after buying an additional 738,704 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CBRE shares. UBS Group lifted 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. Raymond James Financial lifted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley reissued an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, Evercore ISI lifted their target price on shares of CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $158.00.

Insider Buying and Selling

In related 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 owned 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of CBRE Group 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 transaction, the chief accounting officer owned 20,131 shares in the company, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,898 shares of company stock worth $1,277,458 in the last quarter. 0.42% of the stock is currently owned by company insiders.

CBRE Group Stock Up 2.3%

Shares of CBRE stock traded up $3.57 on Wednesday, hitting $159.69. The company's stock had a trading volume of 1,703,299 shares, compared to its average volume of 1,731,039. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $161.03. The firm's fifty day moving average price is $142.54 and its 200-day moving average price is $134.22. The stock has a market capitalization of $47.52 billion, a price-to-earnings ratio of 44.73 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. Research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group Company 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.