Caisse Des Depots ET Consignations Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Caisse Des Depots ET Consignations purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,782 shares of the financial services provider’s stock, valued at approximately $2,728,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CBRE. FMR LLC increased its holdings in CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after purchasing an additional 3,498,244 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after buying an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in shares of CBRE Group during the fourth quarter worth about $190,695,000. Manning & Napier Advisors LLC acquired a new position in shares of CBRE Group in the fourth quarter worth approximately $175,978,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of CBRE Group by 1,499.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after acquiring an additional 993,687 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CBRE has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods upped 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. Evercore ISI lowered their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley upped their target price 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 analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Stock Down 0.8 %

CBRE stock opened at $131.57 on Friday. The stock’s 50 day simple moving average is $137.69 and its 200 day simple moving average is $132.05. The company has a market cap of $39.48 billion, a P/E ratio of 41.90 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping 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%. On average, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was 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.

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.