Rathbones Group PLC Buys 38,257 Shares of CBRE Group, Inc. (NYSE:CBRE)

Rathbones Group PLC boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,877 shares of the financial services provider’s stock after purchasing an additional 38,257 shares during the quarter. Rathbones Group PLC’s holdings in CBRE Group were worth $18,758,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group in the 4th quarter worth $25,000. Denver PWM LLC acquired a new stake in CBRE Group in the fourth quarter worth about $29,000. Larson Financial Group LLC grew its stake in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of CBRE Group in the 4th quarter valued at approximately $58,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $117.01 on Tuesday. 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 firm’s 50 day simple moving average is $135.76 and its 200-day simple moving average is $132.62. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a market capitalization of $35.11 billion, a price-to-earnings ratio of 37.26 and a beta of 1.26.

CBRE Group (NYSE:CBRE) last released 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 net margin of 2.71% and a return on equity of 16.96%. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. 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 note on Friday, February 14th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Morgan Stanley boosted their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated 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 owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.