Allspring Global Investments Holdings LLC Has $546.33 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Allspring Global Investments Holdings LLC increased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,868,834 shares of the financial services provider's stock after buying an additional 44,648 shares during the period. CBRE Group accounts for approximately 0.9% of Allspring Global Investments Holdings LLC's holdings, making the stock its 9th biggest position. Allspring Global Investments Holdings LLC owned about 1.93% of CBRE Group worth $546,330,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CBRE. Norges Bank acquired a new position in CBRE Group during the 4th quarter valued at $255,749,000. Harris Associates L P raised its stake in CBRE Group by 9.6% during the 2nd quarter. Harris Associates L P now owns 14,735,255 shares of the financial services provider's stock valued at $1,189,282,000 after purchasing an additional 1,292,532 shares during the last quarter. Principal Financial Group Inc. raised its stake in CBRE Group by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider's stock valued at $503,786,000 after purchasing an additional 894,521 shares during the last quarter. Maverick Capital Ltd. acquired a new position in CBRE Group during the 4th quarter valued at $65,416,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of CBRE Group by 26,570.0% in the 1st quarter. Balyasny Asset Management L.P. now owns 800,900 shares of the financial services provider's stock valued at $58,314,000 after buying an additional 797,897 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Up 0.5 %

CBRE Group stock traded up $0.46 during mid-day trading on Monday, hitting $96.60. 922,997 shares of the company's stock were exchanged, compared to its average volume of 1,638,066. The firm has a market capitalization of $29.53 billion, a P/E ratio of 30.43 and a beta of 1.42. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The company's 50 day simple moving average is $91.69 and its 200-day simple moving average is $83.88.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to analysts' expectations of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The company's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Chandra Dhandapani sold 11,925 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company's stock, valued at $11,947,827.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,592 shares of company stock worth $3,675,752. Corporate insiders own 0.53% of the company's stock.

Analyst Ratings Changes

CBRE has been the subject of a number of recent research reports. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday. TheStreet upgraded shares of CBRE Group from a "c+" rating to a "b-" rating in a research report on Thursday, January 25th. Evercore ISI raised their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a report on Tuesday, April 2nd. Raymond James boosted their target price on CBRE Group from $95.00 to $103.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $96.00 to $100.00 and gave the company a "market perform" rating in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $96.67.

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.

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