Wellington Management Group LLP Trims Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Wellington Management Group LLP trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 48.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 482,821 shares of the financial services provider’s stock after selling 458,464 shares during the quarter. Wellington Management Group LLP’s holdings in CBRE Group were worth $63,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after buying an additional 692,697 shares during the last quarter. Geode Capital Management LLC boosted its position in CBRE Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider’s stock worth $950,270,000 after purchasing an additional 56,888 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after purchasing an additional 177,119 shares during the period. Cantillon Capital Management LLC increased its holdings in shares of CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock valued at $623,416,000 after purchasing an additional 25,142 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after purchasing an additional 3,011,566 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

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

Analysts Set New Price Targets

Several research firms recently commented on CBRE. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $117.82 on Friday. 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 business has a 50 day simple moving average of $136.28 and a two-hundred day simple moving average of $132.47. The stock has a market capitalization of $35.35 billion, a P/E ratio of 37.52 and a beta of 1.42. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last announced 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%. As a group, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.