Cantillon Capital Management LLC Has $485.51 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Cantillon Capital Management LLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,215,510 shares of the financial services provider's stock after buying an additional 603,771 shares during the quarter. CBRE Group makes up approximately 3.2% of Cantillon Capital Management LLC's investment portfolio, making the stock its 11th largest position. Cantillon Capital Management LLC owned approximately 1.71% of CBRE Group worth $485,512,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CBRE. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group during the fourth quarter worth approximately $45,000. Cary Street Partners Investment Advisory LLC raised its holdings in CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 326 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at $48,000. Planned Solutions Inc. bought a new position in shares of CBRE Group in the fourth quarter worth $52,000. Finally, Headinvest LLC bought a new stake in CBRE Group during the third quarter worth about $44,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

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 transaction of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares of the company's stock, valued at $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold 39,592 shares of company stock worth $3,675,752 over the last ninety days. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CBRE shares. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a research report on Tuesday, April 2nd. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. TheStreet raised shares of CBRE Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 25th. Raymond James increased their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $99.50.

CBRE Group Price Performance

NYSE CBRE traded up $2.78 during trading hours on Friday, hitting $90.22. The company had a trading volume of 2,054,919 shares, compared to its average volume of 1,660,924. The firm has a 50 day simple moving average of $91.36 and a 200 day simple moving average of $86.28. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 28.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.15.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business had revenue of $7.94 billion during the quarter, compared to analysts' expectations of $7.94 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that CBRE Group, Inc. will post 4.45 earnings per share for the current 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.

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.