Emmett Investment Management LP Acquires Shares of 13,025 CBRE Group, Inc. $CBRE

Emmett Investment Management LP purchased a new position in CBRE Group, Inc. (NYSE:CBRE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,025 shares of the financial services provider’s stock, valued at approximately $1,752,000. CBRE Group makes up 1.3% of Emmett Investment Management LP’s portfolio, making the stock its 22nd largest position.

Several other large investors also recently added to or reduced their stakes in CBRE. State Street Corp boosted its holdings in shares of CBRE Group by 0.8% in the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock worth $2,180,594,000 after purchasing an additional 105,586 shares during the period. Principal Financial Group Inc. raised its holdings in CBRE Group by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock valued at $1,337,051,000 after buying an additional 302,426 shares during the period. Geode Capital Management LLC lifted its position in CBRE Group by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock worth $1,369,409,000 after buying an additional 151,027 shares during the last quarter. Harris Associates L P lifted its position in CBRE Group by 0.6% in the fourth quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider’s stock worth $1,114,053,000 after buying an additional 38,646 shares during the last quarter. Finally, Morgan Stanley boosted its stake in CBRE Group by 6.4% during the fourth quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider’s stock worth $1,075,849,000 after buying an additional 403,489 shares during the period. 98.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CBRE shares. Evercore set a $169.00 target price on shares of CBRE Group in a research note on Tuesday, June 30th. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Barclays increased their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, UBS Group restated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $178.86.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by company insiders.

CBRE Group Trading Up 3.3%

NYSE CBRE opened at $144.06 on Tuesday. The company’s 50-day moving average price is $134.63 and its 200-day moving average price is $143.69. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock has a market cap of $42.18 billion, a PE ratio of 32.82 and a beta of 1.20. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.