CBRE Group, Inc. (NYSE:CBRE) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 20,889.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,291,453 shares of the financial services provider's stock after purchasing an additional 1,285,300 shares during the quarter. GAMMA Investing LLC owned about 0.43% of CBRE Group worth $168,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CBRE. Versant Capital Management Inc raised its holdings in shares of CBRE Group by 104.3% during the 1st quarter. Versant Capital Management Inc now owns 1,081 shares of the financial services provider's stock valued at $141,000 after buying an additional 552 shares during the period. Central Pacific Bank Trust Division raised its stake in shares of CBRE Group by 942.5% during the first quarter. Central Pacific Bank Trust Division now owns 6,255 shares of the financial services provider's stock valued at $818,000 after purchasing an additional 5,655 shares during the period. Boston Common Asset Management LLC raised its stake in shares of CBRE Group by 8.3% during the first quarter. Boston Common Asset Management LLC now owns 100,340 shares of the financial services provider's stock valued at $13,122,000 after purchasing an additional 7,703 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of CBRE Group by 35.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,415 shares of the financial services provider's stock valued at $185,000 after purchasing an additional 374 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in CBRE Group by 39.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,845 shares of the financial services provider's stock valued at $3,131,000 after purchasing an additional 6,790 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBRE. JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. UBS Group cut their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Stock Up 2.0%

NYSE:CBRE traded up $2.44 during mid-day trading on Wednesday, reaching $127.38. The stock had a trading volume of 681,241 shares, compared to its average volume of 1,832,709. 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 company has a market capitalization of $37.97 billion, a price-to-earnings ratio of 40.57 and a beta of 1.30. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The stock's 50 day simple moving average is $123.18 and its two-hundred day simple moving average is $131.33.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS 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 company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter last year, the firm earned $0.78 EPS. The business's revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred 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 sale, the insider now owns 28,735 shares in the company, valued at $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. Insiders sold a total of 5,396 shares of company stock valued at $685,649 over the last 90 days. 0.42% of the stock is owned by company insiders.

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.