CBRE Group, Inc. (NYSE:CBRE) Position Increased by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC grew its position in CBRE Group, Inc. (NYSE:CBRE) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,202 shares of the financial services provider’s stock after buying an additional 949 shares during the quarter. Sawgrass Asset Management LLC’s holdings in CBRE Group were worth $577,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its position in CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares in the last quarter. Headinvest LLC acquired a new position in CBRE Group during the third quarter valued at $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in CBRE Group during the fourth quarter valued at $45,000. Bruce G. Allen Investments LLC purchased a new stake in CBRE Group in the 4th quarter worth about $48,000. Finally, Planned Solutions Inc. acquired a new stake in CBRE Group during the 4th quarter worth about $52,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The disclosure for this sale can be found here. In the last three months, insiders sold 39,592 shares of company stock valued at $3,675,752. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Raymond James lifted their price objective on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Finally, Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $99.50.

CBRE Group Stock Up 0.2 %

Shares of NYSE:CBRE traded up $0.19 on Tuesday, reaching $86.51. The company had a trading volume of 2,066,064 shares, compared to its average volume of 1,663,333. The stock has a market capitalization of $26.55 billion, a P/E ratio of 26.95 and a beta of 1.44. The stock has a 50-day moving average price of $91.54 and a 200 day moving average price of $86.27. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The company has a quick ratio of 1.17, a current ratio of 1.15 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last posted its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same period in the previous year, the company earned $0.92 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts expect that CBRE Group, Inc. will post 4.45 EPS for the current year.

About CBRE Group

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.