UniSuper Management Pty Ltd Boosts Stake in CBRE Group, Inc. (NYSE:CBRE)

UniSuper Management Pty Ltd raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,853 shares of the financial services provider’s stock after purchasing an additional 3,815 shares during the quarter. UniSuper Management Pty Ltd’s holdings in CBRE Group were worth $3,394,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Artisan Partners Limited Partnership increased its stake in 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 acquiring an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $190,695,000. Manning & Napier Advisors LLC bought a new position in shares of CBRE Group during the 4th quarter worth $175,978,000. Los Angeles Capital Management LLC increased its position in CBRE Group by 1,499.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock valued at $139,162,000 after purchasing an additional 993,687 shares during the period. Finally, American Century Companies Inc. lifted its holdings in CBRE Group by 150.5% during the fourth quarter. American Century Companies Inc. now owns 1,157,720 shares of the financial services provider’s stock worth $151,997,000 after buying an additional 695,558 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBRE. Evercore ISI reduced their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Stock Performance

Shares of CBRE opened at $129.40 on Friday. The stock has a market capitalization of $38.82 billion, a PE ratio of 41.21 and a beta of 1.42. The stock has a 50-day simple moving average of $137.54 and a 200-day simple moving average of $132.15. 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, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the business’s 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 completion of the transaction, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value 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. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

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.