Sfmg LLC Buys 461 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sfmg LLC lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,214 shares of the financial services provider’s stock after purchasing an additional 461 shares during the period. Sfmg LLC’s holdings in CBRE Group were worth $4,302,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harris Associates L P grew its holdings in CBRE Group by 4.0% during the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock worth $1,131,677,000 after purchasing an additional 586,661 shares during the period. FMR LLC boosted its stake in shares of CBRE Group by 3.1% during the 3rd quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after acquiring an additional 288,287 shares during the period. Geode Capital Management LLC increased its holdings in shares of CBRE Group by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock worth $522,405,000 after acquiring an additional 148,971 shares during the last quarter. Invesco Ltd. raised its stake in CBRE Group by 0.4% in the 3rd quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock valued at $523,208,000 after acquiring an additional 28,316 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in CBRE Group by 15.1% during the 3rd 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 last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CBRE. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group began coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Raymond James lifted their price target on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.50.

Insider Buying and Selling

In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,592 shares of company stock worth $3,675,752. Company insiders own 0.53% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE traded down $1.49 during mid-day trading on Wednesday, hitting $85.50. 2,645,488 shares of the company’s stock were exchanged, compared to its average volume of 1,307,556. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The stock’s 50-day simple moving average is $92.43 and its 200-day simple moving average is $84.70. The firm has a market cap of $26.24 billion, a price-to-earnings ratio of 26.97 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. On average, equities research analysts expect that CBRE Group, Inc. will post 4.44 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.