Clearbridge Investments LLC Has $76.17 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Clearbridge Investments LLC reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 580,186 shares of the financial services provider’s stock after selling 1,956 shares during the quarter. Clearbridge Investments LLC’s holdings in CBRE Group were worth $76,173,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in CBRE Group during the 4th quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership lifted its holdings in shares of CBRE Group by 290.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after buying an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group in the fourth quarter valued at approximately $190,695,000. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group in the fourth quarter worth $175,978,000. Finally, Los Angeles Capital Management LLC increased its position in CBRE Group by 1,499.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after acquiring an additional 993,687 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Price Performance

Shares of CBRE stock opened at $130.86 on Tuesday. The stock’s fifty day simple moving average is $137.41 and its 200 day simple moving average is $132.45. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The firm has a market cap of $39.26 billion, a price-to-earnings ratio of 41.68 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS 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%. On average, analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.