Gladstone Capital Management LLP Buys New Shares in CBRE Group, Inc. (NYSE:CBRE)

Gladstone Capital Management LLP purchased a new position in CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 335,045 shares of the financial services provider’s stock, valued at approximately $43,988,000. CBRE Group comprises about 3.7% of Gladstone Capital Management LLP’s portfolio, making the stock its 12th biggest position. Gladstone Capital Management LLP owned approximately 0.11% of CBRE Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in CBRE Group in the fourth quarter valued at $25,000. Denver PWM LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth about $29,000. Larson Financial Group LLC lifted its holdings in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new position in CBRE Group during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 4.9 %

CBRE opened at $117.82 on Friday. The business has a 50 day simple moving average of $136.28 and a 200-day simple moving average of $132.47. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a market capitalization of $35.35 billion, a P/E ratio of 37.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CBRE shares. Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.