Earnest Partners LLC Has $485.37 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Earnest Partners LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 3,696,955 shares of the financial services provider’s stock after purchasing an additional 49,862 shares during the quarter. CBRE Group makes up 2.2% of Earnest Partners LLC’s investment portfolio, making the stock its 3rd largest position. Earnest Partners LLC’s holdings in CBRE Group were worth $485,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CBRE. Vulcan Value Partners LLC grew its stake in shares of CBRE Group by 3.6% in the fourth quarter. Vulcan Value Partners LLC now owns 2,033,328 shares of the financial services provider’s stock worth $266,901,000 after purchasing an additional 69,848 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of CBRE Group by 99.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,343 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 1,669 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of CBRE Group by 64.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 11,700 shares of the financial services provider’s stock worth $1,536,000 after buying an additional 4,590 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of CBRE Group by 85.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider’s stock valued at $281,984,000 after purchasing an additional 991,354 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. boosted its stake in CBRE Group by 269.4% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 251,270 shares of the financial services provider’s stock valued at $32,989,000 after acquiring an additional 183,250 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction 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 in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Morgan Stanley reduced their target price on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. decreased their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $149.00.

CBRE Group Stock Performance

Shares of CBRE stock opened at $120.88 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market cap of $36.25 billion, a price-to-earnings ratio of 38.50 and a beta of 1.26. The company’s 50 day moving average is $127.65 and its 200 day moving average is $132.01. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal 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.