CBRE Group Inc (CBRE) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in CBRE Group Inc (NYSE:CBRE) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,044,749 shares of the financial services provider’s stock after purchasing an additional 232,271 shares during the period. Geode Capital Management LLC’s holdings in CBRE Group were worth $161,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CBRE. Lindbrook Capital LLC acquired a new position in CBRE Group in the 4th quarter valued at $27,000. Oregon Public Employees Retirement Fund grew its holdings in CBRE Group by 1,895.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,308,488 shares in the last quarter. Van ECK Associates Corp acquired a new position in CBRE Group in the 4th quarter valued at $38,000. Whitnell & Co. grew its holdings in CBRE Group by 200.0% in the 4th quarter. Whitnell & Co. now owns 1,500 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,000 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in CBRE Group in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 94.87% of the company’s stock.

A number of research analysts have commented on CBRE shares. Bank of America set a $54.00 price objective on CBRE Group and gave the company a “hold” rating in a report on Friday, March 8th. Zacks Investment Research raised CBRE Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. JMP Securities reaffirmed a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CBRE Group has a consensus rating of “Buy” and a consensus price target of $56.33.

In other news, Director Curtis F. Feeny sold 4,514 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $47.30, for a total transaction of $213,512.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brandon B. Boze sold 6,700,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $49.51, for a total value of $331,717,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,874,220 shares of company stock worth $340,558,298. 0.74% of the stock is currently owned by insiders.

CBRE opened at $48.11 on Friday. The firm has a market cap of $16.18 billion, a PE ratio of 14.67, a P/E/G ratio of 1.19 and a beta of 1.71. CBRE Group Inc has a 52-week low of $37.45 and a 52-week high of $52.41. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52.

CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.20. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. CBRE Group’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts forecast that CBRE Group Inc will post 3.61 earnings per share for the current year.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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