HighPoint Advisor Group LLC Raises Stock Position in CBRE Group, Inc. (NYSE:CBRE)

HighPoint Advisor Group LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,259 shares of the financial services provider’s stock after buying an additional 119 shares during the period. HighPoint Advisor Group LLC’s holdings in CBRE Group were worth $462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the last quarter. Geode Capital Management LLC raised its position in CBRE Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock valued at $950,270,000 after purchasing an additional 56,888 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 worth $998,039,000 after purchasing an additional 177,119 shares during the period. Cantillon Capital Management LLC grew its position in CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock worth $623,416,000 after purchasing an additional 25,142 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in CBRE Group by 17.3% in 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 purchasing an additional 605,403 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of research reports. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Morgan Stanley increased their price target on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Evercore ISI dropped their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Performance

Shares of CBRE opened at $133.57 on Thursday. 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, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a 50-day simple moving average of $137.10 and a 200-day simple moving average of $132.55. The company has a market capitalization of $40.08 billion, a PE ratio of 42.54 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.