Price T Rowe Associates Inc. MD Buys 991,354 Shares of CBRE Group, Inc. (NYSE:CBRE)

Price T Rowe Associates Inc. MD boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 85.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,147,783 shares of the financial services provider's stock after buying an additional 991,354 shares during the period. Price T Rowe Associates Inc. MD owned about 0.70% of CBRE Group worth $281,984,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on CBRE. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI reduced their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday, January 13th. UBS Group dropped their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley cut their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three investment 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 company's stock. According to MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and a consensus price target of $149.22.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred 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 directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction on 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 of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % 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 Performance

NYSE:CBRE traded up $1.98 during mid-day trading on Thursday, hitting $124.16. 574,949 shares of the company's stock traded hands, compared to its average volume of 1,823,218. The firm has a market capitalization of $37.01 billion, a price-to-earnings ratio of 39.57 and a beta of 1.26. The firm has a 50 day moving average of $126.53 and a two-hundred day moving average of $131.95. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.96% and a net margin of 2.71%. The company had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same period in the prior year, the business earned $0.78 earnings per share. CBRE Group's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share 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.