Brown Advisory Inc. Has $13.78 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Brown Advisory Inc. raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 14.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 104,955 shares of the financial services provider’s stock after buying an additional 13,484 shares during the quarter. Brown Advisory Inc.’s holdings in CBRE Group were worth $13,780,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group in the fourth quarter worth $25,000. Denver PWM LLC bought a new position in CBRE Group in the 4th quarter valued at about $29,000. Larson Financial Group LLC raised its position in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after buying an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of CBRE Group during the 4th quarter worth approximately $58,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Evercore ISI lowered their price objective on shares of 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. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley lowered their target price on CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, UBS Group reduced their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.22.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider now directly owns 27,945 shares of the company’s stock, valued at approximately $3,522,467.25. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,424 shares of company stock valued at $431,064. 0.42% of the stock is currently owned by company insiders.

CBRE Group Stock Down 1.6 %

Shares of NYSE CBRE opened at $124.00 on Wednesday. The company has a 50 day simple moving average of $125.39 and a 200 day simple moving average of $132.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a market cap of $36.96 billion, a PE ratio of 39.49 and a beta of 1.30.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results 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 net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. CBRE Group’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

About CBRE Group

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.