CBRE Group, Inc. (NYSE:CBRE) Stock Holdings Lessened by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 371,335 shares of the financial services provider’s stock after selling 11,291 shares during the period. Ensign Peak Advisors Inc owned about 0.12% of CBRE Group worth $48,753,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of CBRE Group in the fourth quarter worth $514,609,000. Artisan Partners Limited Partnership increased its position in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after purchasing an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of CBRE Group during the 4th quarter worth about $190,695,000. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at about $175,978,000. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CBRE Group by 11,750.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock valued at $161,876,000 after buying an additional 1,222,558 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Up 0.9 %

Shares of CBRE stock opened at $126.67 on Friday. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market cap of $37.76 billion, a PE ratio of 40.34 and a beta of 1.30. The stock has a 50 day moving average of $124.49 and a 200-day moving average of $132.03.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of analyst reports. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their target price on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Finally, Morgan Stanley reduced their target price on CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.22.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’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 transaction, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,424 shares of company stock valued at $431,064 over the last three months. 0.42% of the stock is owned by corporate insiders.

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.