Ethic Inc. Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Ethic Inc. lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,899 shares of the financial services provider’s stock after acquiring an additional 6,105 shares during the quarter. Ethic Inc.’s holdings in CBRE Group were worth $9,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group in the 4th quarter worth $25,000. Denver PWM LLC purchased a new position in shares of CBRE Group in the 4th quarter valued at approximately $29,000. Colonial Trust Co SC grew its holdings in shares of CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after buying an additional 180 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.3 %

CBRE stock opened at $125.45 on Friday. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock has a market capitalization of $37.40 billion, a P/E ratio of 39.95 and a beta of 1.30. The company has a 50 day moving average price of $124.75 and a two-hundred day moving average price of $132.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business 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 posted $0.78 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on CBRE shares. Evercore ISI reduced their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley dropped 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,424 shares of company stock valued at $431,064. Corporate insiders own 0.42% of the company’s stock.

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.