CBRE Group, Inc. (NYSE:CBRE) Position Increased by Northern Trust Corp

Northern Trust Corp lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,789,513 shares of the financial services provider's stock after acquiring an additional 424,663 shares during the quarter. Northern Trust Corp owned 1.24% of CBRE Group worth $497,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its position in CBRE Group by 3.9% during the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after acquiring an additional 277,922 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $285,000. Wilmington Savings Fund Society FSB purchased a new stake in CBRE Group in the 3rd quarter valued at approximately $2,330,000. Tidal Investments LLC grew its holdings in CBRE Group by 97.4% during the 3rd quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider's stock valued at $1,281,000 after buying an additional 5,077 shares during the last quarter. Finally, Synovus Financial Corp increased its position in CBRE Group by 2.9% during the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider's stock worth $1,437,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated 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 trade 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 Trading Up 2.5 %

CBRE stock traded up $3.12 during midday trading on Friday, reaching $126.64. 1,157,307 shares of the company's stock traded hands, compared to its average volume of 1,824,837. 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, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The business has a 50-day moving average price of $126.00 and a two-hundred day moving average price of $131.99. The company has a market capitalization of $37.75 billion, a P/E ratio of 40.33 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate 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. During the same quarter in the previous year, the business posted $0.78 EPS. The business's quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday. UBS Group cut 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. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Morgan Stanley cut their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three investment 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.