Fuller & Thaler Asset Management Inc. Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Fuller & Thaler Asset Management Inc. raised its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 64.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,700 shares of the financial services provider's stock after purchasing an additional 4,590 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in CBRE Group were worth $1,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV acquired a new position in shares of CBRE Group during the fourth quarter valued at about $1,518,000. Merit Financial Group LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at about $256,000. Fulton Bank N.A. raised its holdings in shares of CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock valued at $3,262,000 after purchasing an additional 19,227 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at about $175,978,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of CBRE Group by 12.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock valued at $391,752,000 after purchasing an additional 338,298 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

Shares of CBRE Group stock traded up $1.92 on Thursday, reaching $124.10. 656,717 shares of the company traded hands, compared to its average volume of 1,823,505. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a 50 day moving average of $126.53 and a 200 day moving average of $131.95. The firm has a market capitalization of $36.99 billion, a PE ratio of 39.51 and a beta of 1.26. 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 released its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the firm earned $0.78 EPS. The company's revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. 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 report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

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.