American Century Companies Inc. Buys 695,558 Shares of CBRE Group, Inc. (NYSE:CBRE)

American Century Companies Inc. grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 150.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,157,720 shares of the financial services provider’s stock after purchasing an additional 695,558 shares during the quarter. American Century Companies Inc.’s holdings in CBRE Group were worth $151,997,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Runnymede Capital Advisors Inc. bought a new stake in CBRE Group during the fourth quarter worth $58,000. Mizuho Securities USA LLC lifted its holdings in CBRE Group by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 28,509 shares of the financial services provider’s stock worth $3,743,000 after acquiring an additional 8,977 shares during the period. Quantbot Technologies LP bought a new stake in CBRE Group during the fourth quarter worth $6,710,000. TD Private Client Wealth LLC lifted its holdings in CBRE Group by 11.7% during the fourth quarter. TD Private Client Wealth LLC now owns 3,233 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 338 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in CBRE Group by 132.1% during the fourth quarter. Teacher Retirement System of Texas now owns 656,429 shares of the financial services provider’s stock worth $86,183,000 after acquiring an additional 373,577 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following 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 position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Price Performance

CBRE Group stock opened at $129.76 on Friday. 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 business has a 50-day simple moving average of $137.34 and a 200 day simple moving average of $131.64. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The stock has a market cap of $38.93 billion, a price-to-earnings ratio of 41.32 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CBRE. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Morgan Stanley raised their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

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.