Artisan Partners Limited Partnership Boosts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Artisan Partners Limited Partnership boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 290.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,050,089 shares of the financial services provider’s stock after purchasing an additional 3,011,566 shares during the period. Artisan Partners Limited Partnership’s holdings in CBRE Group were worth $531,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. Meridian Wealth Management LLC raised its holdings in shares of CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 71 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 75 shares in the last quarter. Signaturefd LLC lifted its position in shares of CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 99 shares during the period. IFP Advisors Inc boosted its stake in shares of CBRE Group by 9.1% during the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock valued at $584,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction on 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction 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 transaction, 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. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Stock Down 0.8 %

NYSE:CBRE opened at $132.70 on Thursday. 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 cap of $39.81 billion, a P/E ratio of 42.26 and a beta of 1.42. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm has a 50-day simple moving average of $137.75 and a two-hundred day simple moving average of $132.05.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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%. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on CBRE. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday. Three investment 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 stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

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.