Cantillon Capital Management LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,460,586 shares of the financial services provider’s stock after purchasing an additional 33,565 shares during the quarter. CBRE Group accounts for 3.9% of Cantillon Capital Management LLC’s portfolio, making the stock its 7th largest holding. Cantillon Capital Management LLC’s holdings in CBRE Group were worth $717,218,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CBRE. Norges Bank acquired a new stake in CBRE Group during the fourth quarter valued at approximately $643,405,000. Viking Global Investors LP acquired a new stake in CBRE Group during the third quarter valued at approximately $190,648,000. Northwestern Mutual Wealth Management Co. boosted its holdings in CBRE Group by 5,115.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock valued at $163,581,000 after purchasing an additional 997,848 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of CBRE Group by 16.1% in the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock worth $981,795,000 after acquiring an additional 862,656 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $71,419,000. 98.41% of the stock is owned by institutional investors and hedge funds.
CBRE Group Stock Performance
CBRE stock opened at $131.09 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day moving average price of $138.48 and a 200 day moving average price of $149.64. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The stock has a market capitalization of $38.39 billion, a PE ratio of 29.86 and a beta of 1.22.
Insider Buying and Selling at CBRE Group
In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 471 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider owned 42,519 shares of the company’s stock, valued at $5,676,711.69. The trade was a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,944 shares of company stock valued at $387,153 in the last quarter. Corporate insiders own 0.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Raymond James Financial set a $180.00 target price on CBRE Group and gave the stock an “outperform” rating in a report on Thursday, February 12th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $175.00 to $185.00 in a report on Sunday, February 22nd. Finally, Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $180.29.
Get Our Latest Stock Report on CBRE Group
CBRE Group Profile
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
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