Earnest Partners LLC Acquires 49,862 Shares of CBRE Group, Inc. (NYSE:CBRE)

Earnest Partners LLC boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,696,955 shares of the financial services provider’s stock after purchasing an additional 49,862 shares during the period. CBRE Group makes up about 2.2% of Earnest Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Earnest Partners LLC owned approximately 1.21% of CBRE Group worth $485,373,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

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 CBRE Group stock in a transaction that occurred 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 sale, the insider now directly owns 28,735 shares in the company, 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. 0.42% of the stock is owned by insiders.

CBRE Group Trading Down 1.6 %

Shares of NYSE CBRE opened at $120.88 on Friday. 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 one year low of $84.24 and a one year high of $147.75. The business has a 50-day moving average price of $127.65 and a two-hundred day moving average price of $132.01. The firm has a market capitalization of $36.25 billion, a PE ratio of 38.50 and a beta of 1.26.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. As a group, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent research reports. UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Evercore ISI cut 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. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.00.

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.