Tidal Investments LLC Has $20.41 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Tidal Investments LLC lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1,410.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,440 shares of the financial services provider's stock after purchasing an additional 145,150 shares during the quarter. Tidal Investments LLC owned about 0.05% of CBRE Group worth $20,408,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CBRE. Norges Bank acquired a new position in shares of CBRE Group in the 4th quarter worth $514,609,000. Artisan Partners Limited Partnership boosted its position in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after buying an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in shares of CBRE Group during the fourth quarter valued at $190,695,000. Manning & Napier Advisors LLC acquired a new position in CBRE Group during the fourth quarter valued at $175,978,000. Finally, Massachusetts Financial Services Co. MA grew its stake in CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after acquiring an additional 1,222,558 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley dropped their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, UBS Group reduced their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $149.22.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $0.63 during trading hours on Thursday, hitting $120.24. 2,768,533 shares of the company were exchanged, compared to its average volume of 1,819,559. The stock has a market capitalization of $35.84 billion, a price-to-earnings ratio of 38.29 and a beta of 1.30. The business has a 50-day moving average of $124.52 and a 200-day moving average of $131.95. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. As a group, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction 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 sale, the chief financial officer now owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This trade 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 is accessible through the SEC website. Also, 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 transaction of $62,268.70. Following the sale, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,396 shares of company stock worth $685,649 over the last ninety days. Company insiders own 0.42% of the company's stock.

CBRE Group Company Profile

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.