Vulcan Value Partners LLC Grows Holdings in CBRE Group, Inc. (NYSE:CBRE)

Vulcan Value Partners LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,033,328 shares of the financial services provider's stock after buying an additional 69,848 shares during the quarter. CBRE Group makes up about 4.5% of Vulcan Value Partners LLC's holdings, making the stock its 11th largest position. Vulcan Value Partners LLC owned about 0.66% of CBRE Group worth $266,901,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CBRE. Geode Capital Management LLC grew its position in shares of CBRE Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock valued at $1,035,229,000 after purchasing an additional 245,821 shares in the last quarter. Principal Financial Group Inc. grew its holdings in CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after buying an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC increased its position in shares of CBRE Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock valued at $623,416,000 after buying an additional 25,142 shares during the period. Franklin Resources Inc. grew its stake in CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after acquiring an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after acquiring an additional 3,011,566 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $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. Insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Morgan Stanley decreased their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. UBS Group dropped their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Trading Up 1.8 %

Shares of NYSE CBRE traded up $2.21 during midday trading on Thursday, reaching $124.39. The company had a trading volume of 737,723 shares, compared to its average volume of 1,989,855. The stock has a market cap of $37.08 billion, a PE ratio of 39.62 and a beta of 1.26. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The firm's fifty day moving average price is $126.53 and its 200-day moving average price is $131.95. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last announced 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 firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business's revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group Company 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.