Price T Rowe Associates Inc. MD Acquires 991,354 Shares of CBRE Group, Inc. (NYSE:CBRE)

Price T Rowe Associates Inc. MD lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 85.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,147,783 shares of the financial services provider’s stock after buying an additional 991,354 shares during the period. Price T Rowe Associates Inc. MD’s holdings in CBRE Group were worth $281,984,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nippon Life Global Investors Americas Inc. raised its holdings in shares of CBRE Group by 269.4% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 251,270 shares of the financial services provider’s stock worth $32,989,000 after purchasing an additional 183,250 shares during the period. IHT Wealth Management LLC purchased a new position in shares of CBRE Group in the fourth quarter worth about $201,000. OneDigital Investment Advisors LLC raised its position in shares of CBRE Group by 202.4% in the fourth quarter. OneDigital Investment Advisors LLC now owns 10,648 shares of the financial services provider’s stock valued at $1,398,000 after purchasing an additional 7,127 shares during the period. Vision Capital Corp purchased a new stake in shares of CBRE Group during the 4th quarter valued at approximately $3,453,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of CBRE Group by 901.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,553 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 2,298 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CBRE. Keefe, Bruyette & Woods dropped their price objective on CBRE Group from $145.00 to $129.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. Morgan Stanley decreased their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday. Evercore ISI cut their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. UBS Group lowered their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.00.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, 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. Insiders own 0.42% of the company’s stock.

CBRE Group Trading Down 1.6 %

NYSE:CBRE opened at $120.88 on Friday. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The firm has a market capitalization of $36.25 billion, a price-to-earnings ratio of 38.50 and a beta of 1.26. The business has a fifty day moving average price of $127.65 and a 200-day moving average price of $131.93.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.73 billion. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current 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.