CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 60.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,875 shares of the financial services provider's stock after acquiring an additional 3,722 shares during the quarter. GAMMA Investing LLC's holdings in CBRE Group were worth $1,291,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group in the 4th quarter valued at about $25,000. Investment Management Corp VA ADV bought a new stake in CBRE Group in the fourth quarter valued at about $28,000. Colonial Trust Co SC raised its stake in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after buying an additional 180 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after buying an additional 266 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Activity

In other news, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the sale, the chief accounting officer owned 20,131 shares of the company's stock, valued at approximately $2,818,340. The trade was a 8.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider owned 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock worth $814,080 over the last three months. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

CBRE stock traded up $0.19 on Wednesday, reaching $141.81. The company's stock had a trading volume of 336,061 shares, compared to its average volume of 1,881,757. CBRE Group, Inc. has a 52 week low of $86.19 and a 52 week high of $147.75. The company has a market capitalization of $42.27 billion, a P/E ratio of 43.37 and a beta of 1.30. The firm has a fifty day moving average of $128.76 and a two-hundred day moving average of $130.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CBRE shares. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target 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, Morgan Stanley reiterated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Three investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $150.33.

CBRE Group 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.