GAMMA Investing LLC Raises Position in CBRE Group, Inc. (NYSE:CBRE)

GAMMA Investing LLC raised its stake 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 13F filing with the Securities and Exchange Commission. The firm owned 9,875 shares of the financial services provider's stock after purchasing an additional 3,722 shares during the quarter. GAMMA Investing LLC's holdings in CBRE Group were worth $1,291,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group in the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new position in CBRE Group in the fourth quarter worth $28,000. Colonial Trust Co SC lifted its position 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 during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after buying an additional 266 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after buying an additional 281 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Lindsey S. Caplan sold 1,497 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $209,580.00. Following the completion of the transaction, the chief accounting officer directly owned 28,211 shares in the company, valued at approximately $3,949,540. This represents a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $0.06 during trading on Thursday, hitting $142.45. 721,438 shares of the company's stock traded hands, compared to its average volume of 1,808,237. CBRE Group, Inc. has a 1 year low of $86.19 and a 1 year high of $147.75. The business has a 50-day simple moving average of $129.17 and a 200-day simple moving average of $131.04. The stock has a market capitalization of $42.47 billion, a P/E ratio of 43.56 and a beta of 1.30. 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 earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods lifted their price target 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. lowered their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Three 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. Based on data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $152.11.

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.