DigitalBridge Group Inc. Grows Stock Position in CBRE Group, Inc. (NYSE:CBRE)

DigitalBridge Group Inc. lifted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,949 shares of the financial services provider's stock after buying an additional 6,950 shares during the quarter. CBRE Group makes up approximately 0.9% of DigitalBridge Group Inc.'s portfolio, making the stock its 27th biggest holding. DigitalBridge Group Inc.'s holdings in CBRE Group were worth $12,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew 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 acquiring an additional 245,821 shares during the last quarter. Principal Financial Group Inc. grew its position in CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after acquiring an additional 177,119 shares during the last quarter. Cantillon Capital Management LLC grew its position in CBRE Group by 0.5% during the fourth 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% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after acquiring an additional 605,403 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position 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 valued at $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.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,396 shares of company stock valued at $685,649. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of research reports. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a 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 Thursday, March 27th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Morgan Stanley dropped their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $149.22.

CBRE Group Stock Down 0.2%

CBRE Group stock traded down $0.21 during mid-day trading on Wednesday, reaching $123.70. The stock had a trading volume of 1,181,987 shares, compared to its average volume of 1,828,297. The company has a market capitalization of $36.88 billion, a price-to-earnings ratio of 39.39 and a beta of 1.30. The company has a 50-day moving average price of $123.97 and a two-hundred day moving average price of $131.64. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. CBRE Group's revenue was up 12.3% on a year-over-year basis. On average, analysts expect 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.