Graham Capital Management L.P. Acquires 15,404 Shares of CBRE Group, Inc. (NYSE:CBRE)

Graham Capital Management L.P. increased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 139.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,422 shares of the financial services provider's stock after purchasing an additional 15,404 shares during the quarter. Graham Capital Management L.P.'s holdings in CBRE Group were worth $3,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in CBRE Group by 2.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider's stock worth $2,181,000 after buying an additional 466 shares in the last quarter. Graypoint LLC grew its stake in CBRE Group by 11.2% in the fourth quarter. Graypoint LLC now owns 2,028 shares of the financial services provider's stock worth $266,000 after purchasing an additional 205 shares during the period. Czech National Bank raised its holdings in CBRE Group by 6.3% in the fourth quarter. Czech National Bank now owns 65,219 shares of the financial services provider's stock worth $8,563,000 after purchasing an additional 3,860 shares in the last quarter. Wedmont Private Capital lifted its position in CBRE Group by 5.8% during the fourth quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider's stock valued at $463,000 after buying an additional 206 shares during the period. Finally, Greenfield Savings Bank lifted its position in CBRE Group by 5.2% during the 4th quarter. Greenfield Savings Bank now owns 5,138 shares of the financial services provider's stock valued at $675,000 after acquiring an additional 252 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE stock traded up $1.16 on Friday, reaching $131.43. The stock had a trading volume of 520,931 shares, compared to its average volume of 1,807,920. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The stock has a market cap of $39.18 billion, a P/E ratio of 41.87 and a beta of 1.30. The company has a 50 day simple moving average of $124.31 and a 200 day simple moving average of $132.04.

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, 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 business had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. During the same period last year, the firm posted $0.78 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,424 shares of company stock worth $431,064. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley lowered their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. UBS Group reduced their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Keefe, Bruyette & Woods raised 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $149.22.

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.