Worldquant Millennium Advisors LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Worldquant Millennium Advisors LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 172,931 shares of the financial services provider's stock, valued at approximately $22,704,000. Worldquant Millennium Advisors LLC owned 0.06% of CBRE Group as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of CBRE Group during the fourth quarter worth $514,609,000. Artisan Partners Limited Partnership increased its holdings in 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 worth $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new position in CBRE Group during the 4th quarter worth about $190,695,000. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group in the 4th quarter valued at about $175,978,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of CBRE Group by 11,750.8% in the fourth 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 purchasing an additional 1,222,558 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRE. UBS Group reduced their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. 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 research note on Thursday, April 10th. Morgan Stanley lowered their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

CBRE Group Stock Up 0.6%

Shares of CBRE Group stock traded up $0.70 on Monday, reaching $121.13. 2,064,762 shares of the company were exchanged, compared to its average volume of 1,827,793. The company has a market capitalization of $36.11 billion, a price-to-earnings ratio of 38.57 and a beta of 1.30. 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 one year low of $84.24 and a one year high of $147.75. The company has a 50-day moving average of $124.25 and a 200 day moving average of $131.80.

CBRE Group (NYSE:CBRE - Get Free Report) last issued 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. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the business'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 value of $254,585.20. Following the transaction, the chief financial officer now directly owns 105,371 shares in the company, valued at $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,396 shares of company stock worth $685,649 in the last ninety days. Insiders own 0.42% of the company's stock.

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.