Findlay Park Partners LLP Has $129.91 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Findlay Park Partners LLP lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,395,516 shares of the financial services provider's stock after selling 1,086,976 shares during the quarter. Findlay Park Partners LLP owned approximately 0.46% of CBRE Group worth $129,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its stake in shares of 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 purchasing an additional 326 shares in the last quarter. Headinvest LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group in the 4th quarter valued at about $45,000. Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group in the 4th quarter valued at about $48,000. Finally, Planned Solutions Inc. acquired a new position in CBRE Group during the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CBRE shares. Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 2nd. Raymond James upped their target price on CBRE Group from $95.00 to $103.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 25th. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. TheStreet raised CBRE Group from a "c+" rating to a "b-" rating in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods boosted their price target on CBRE Group from $96.00 to $100.00 and gave the company a "market perform" rating in a report on Friday, February 16th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $99.50.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,667 shares of the company's stock in a transaction 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 $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Emma E. Giamartino sold 2,667 shares of the company's stock in a transaction on Monday, March 11th. The stock was 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 of the company's stock, valued at $6,766,895.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 127,064 shares of the company's stock, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock worth $3,675,752 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

CBRE traded up $2.78 during trading on Friday, reaching $90.22. 2,055,129 shares of the company were exchanged, compared to its average volume of 1,737,269. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The stock has a market cap of $27.68 billion, a P/E ratio of 28.11 and a beta of 1.44. The firm has a 50 day moving average of $91.30 and a 200 day moving average of $86.44. The company has a current ratio of 1.15, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The company had revenue of $7.94 billion during the quarter, compared to analysts' expectations of $7.94 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts forecast that CBRE Group, Inc. will post 4.47 EPS for the current fiscal year.

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.