CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 101.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,666 shares of the financial services provider’s stock after purchasing an additional 22,043 shares during the quarter. Fisher Asset Management LLC’s holdings in CBRE Group were worth $4,065,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CBRE. Principal Financial Group Inc. grew its holdings in CBRE Group by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock worth $503,786,000 after buying an additional 894,521 shares in the last quarter. Eminence Capital LP acquired a new position in shares of CBRE Group during the third quarter valued at $45,494,000. Harris Associates L P raised its stake in shares of CBRE Group by 4.0% during the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock valued at $1,131,677,000 after purchasing an additional 586,661 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of CBRE Group by 5.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,824,186 shares of the financial services provider’s stock valued at $430,175,000 after purchasing an additional 294,954 shares in the last quarter. Finally, FMR LLC lifted its holdings in CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after purchasing an additional 288,287 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. Evercore ISI boosted their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Finally, TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Five 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $99.50.

CBRE Group Stock Performance

Shares of CBRE opened at $86.51 on Wednesday. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The company has a 50-day moving average of $91.54 and a two-hundred day moving average of $86.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.17. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of 26.95 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last announced its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.09. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. On average, equities research analysts expect that CBRE Group, Inc. will post 4.45 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In related news, 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 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 is accessible through the SEC website. In other news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction on Friday, February 16th. The shares were 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 in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

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.