TCW Group Inc. Has $3.59 Million Position in CBRE Group, Inc. (NYSE:CBRE)

TCW Group Inc. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 40,231 shares of the financial services provider’s stock after acquiring an additional 523 shares during the quarter. TCW Group Inc.’s holdings in CBRE Group were worth $3,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CBRE. Harris Associates L P boosted its stake in CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after purchasing an additional 683,225 shares during the period. Principal Financial Group Inc. boosted its stake in CBRE Group by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 6,936,745 shares of the financial services provider’s stock valued at $674,529,000 after purchasing an additional 69,164 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in CBRE Group by 2.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,033,928 shares of the financial services provider’s stock valued at $586,739,000 after purchasing an additional 165,094 shares during the period. Cantillon Capital Management LLC boosted its stake in CBRE Group by 13.1% in the 4th quarter. Cantillon Capital Management LLC now owns 5,215,510 shares of the financial services provider’s stock valued at $485,512,000 after purchasing an additional 603,771 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of CBRE Group by 164.1% during the 4th quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock valued at $419,387,000 after acquiring an additional 2,799,097 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley assumed coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price for the company. Finally, UBS Group cut their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.29.

CBRE Group Price Performance

Shares of CBRE Group stock traded up $1.16 during trading on Friday, reaching $111.73. 1,455,593 shares of the company’s stock were exchanged, compared to its average volume of 1,674,387. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $114.51. The firm’s 50-day moving average price is $97.32 and its 200 day moving average price is $92.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $34.28 billion, a P/E ratio of 34.81 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that CBRE Group, Inc. will post 4.84 earnings per share for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the transaction, the chief financial officer now owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the sale, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the sale, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. The disclosure for this sale can be found here. Insiders sold a total of 6,385 shares of company stock valued at $697,223 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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.