CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in CBRE Group, Inc. (NYSE:CBREFree Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,250,454 shares of the financial services provider’s stock after acquiring an additional 191,012 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.07% of CBRE Group worth $302,601,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of CBRE Group by 15.1% in the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after purchasing an additional 894,521 shares during the period. Eminence Capital LP purchased a new stake in shares of CBRE Group in the third quarter valued at $45,494,000. Cantillon Capital Management LLC grew its position in shares of CBRE Group by 13.1% in the fourth quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider’s stock valued at $485,512,000 after purchasing an additional 603,771 shares during the period. Harris Associates L P grew its position in shares of CBRE Group by 4.0% in the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock valued at $1,131,677,000 after purchasing an additional 586,661 shares during the period. Finally, FMR LLC grew its position in shares of CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock valued at $699,157,000 after purchasing an additional 288,287 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Raymond James boosted their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $99.50.

Get Our Latest Research Report on CBRE

CBRE Group Stock Down 2.0 %

Shares of CBRE traded down $1.76 during midday trading on Monday, reaching $88.46. 547,182 shares of the company were exchanged, compared to its average volume of 1,648,579. The stock has a 50-day moving average price of $91.30 and a 200-day moving average price of $86.58. The company has a market cap of $27.14 billion, a price-to-earnings ratio of 28.20 and a beta of 1.44. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBREGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Research analysts expect that CBRE Group, Inc. will post 4.47 earnings per share for the current year.

About CBRE Group

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBREFree Report).

Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.