Kayne Anderson Rudnick Investment Management LLC Boosts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Kayne Anderson Rudnick Investment Management LLC raised its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 86,240.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,219 shares of the financial services provider's stock after acquiring an additional 30,184 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in CBRE Group were worth $3,968,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. MML Investors Services LLC grew its stake in shares of CBRE Group by 54.2% in the 4th quarter. MML Investors Services LLC now owns 101,668 shares of the financial services provider's stock valued at $13,348,000 after buying an additional 35,746 shares during the period. MetLife Investment Management LLC grew its stake in shares of CBRE Group by 1.7% in the 4th quarter. MetLife Investment Management LLC now owns 79,703 shares of the financial services provider's stock valued at $10,464,000 after buying an additional 1,301 shares during the period. Norinchukin Bank The boosted its position in shares of CBRE Group by 9.5% during the 4th quarter. Norinchukin Bank The now owns 13,652 shares of the financial services provider's stock worth $1,792,000 after purchasing an additional 1,186 shares during the period. Ossiam boosted its position in shares of CBRE Group by 51.1% during the 4th quarter. Ossiam now owns 238,749 shares of the financial services provider's stock worth $31,345,000 after purchasing an additional 80,761 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of CBRE Group by 10.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,133 shares of the financial services provider's stock worth $3,168,000 after purchasing an additional 2,309 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Activity

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Down 1.6 %

Shares of CBRE traded down $2.00 during midday trading on Friday, reaching $120.88. The stock had a trading volume of 1,715,604 shares, compared to its average volume of 1,828,893. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company's fifty day simple moving average is $127.65 and its two-hundred day simple moving average is $132.10. The company has a market cap of $36.25 billion, a price-to-earnings ratio of 38.50 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 announced its quarterly earnings data 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 business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. Equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CBRE shares. Morgan Stanley lowered their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and increased their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. UBS Group lowered their price objective on shares of 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 lowered their price objective on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.00.

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.