CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by DigitalBridge Group Inc.

DigitalBridge Group Inc. raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,949 shares of the financial services provider’s stock after acquiring an additional 6,950 shares during the quarter. CBRE Group makes up 0.9% of DigitalBridge Group Inc.’s portfolio, making the stock its 27th biggest holding. DigitalBridge Group Inc.’s holdings in CBRE Group were worth $12,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. Merit Financial Group LLC acquired a new stake in CBRE Group during the fourth quarter worth about $256,000. Manning & Napier Advisors LLC acquired a new position in CBRE Group during the 4th quarter valued at approximately $175,978,000. Robeco Institutional Asset Management B.V. grew its stake in CBRE Group by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock worth $391,752,000 after buying an additional 338,298 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in CBRE Group in the fourth quarter worth $36,643,000. Finally, Pacer Advisors Inc. lifted its stake in CBRE Group by 12.5% in the fourth quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider’s stock valued at $3,299,000 after buying an additional 2,798 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CBRE. Morgan Stanley lowered their price target on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. UBS Group lowered their target price on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 5,396 shares of company stock valued at $685,649 in the last three months. 0.42% of the stock is owned by corporate insiders.

CBRE Group Trading Up 0.6%

CBRE Group stock opened at $121.13 on Friday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm has a market capitalization of $36.11 billion, a price-to-earnings ratio of 38.57 and a beta of 1.30. The company has a 50 day moving average price of $124.25 and a 200 day moving average price of $131.78.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. CBRE Group’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. Research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group 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.