Louisbourg Investments Inc. Has $4.26 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Louisbourg Investments Inc. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,555 shares of the financial services provider’s stock after purchasing an additional 2,870 shares during the quarter. Louisbourg Investments Inc.’s holdings in CBRE Group were worth $4,258,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of CBRE Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider’s stock valued at $1,035,229,000 after buying an additional 245,821 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of CBRE Group by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after acquiring an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC raised its position in shares of CBRE Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock worth $623,416,000 after purchasing an additional 25,142 shares during the period. Franklin Resources Inc. raised its position in shares of CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider’s stock worth $538,390,000 after purchasing an additional 605,403 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer now owns 105,371 shares of the company’s stock, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,599 shares of company stock valued at $333,600 in the last three months. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CBRE shares. UBS Group lowered their target price on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley restated an “overweight” rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.33.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $133.96 on Tuesday. 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 business’s 50 day moving average price is $124.60 and its two-hundred day moving average price is $130.97. The company has a market cap of $39.93 billion, a PE ratio of 42.66 and a beta of 1.29. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the firm earned $0.78 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that CBRE Group, Inc. will post 5.99 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.