Investment Management Corp of Ontario Has $4.12 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Investment Management Corp of Ontario boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 206.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,375 shares of the financial services provider's stock after purchasing an additional 21,123 shares during the period. Investment Management Corp of Ontario's holdings in CBRE Group were worth $4,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CBRE. Jefferies Financial Group Inc. lifted its position in shares of CBRE Group by 3.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 19,092 shares of the financial services provider's stock worth $2,507,000 after purchasing an additional 605 shares during the last quarter. Graham Capital Management L.P. increased its holdings in shares of CBRE Group by 139.8% in the 4th quarter. Graham Capital Management L.P. now owns 26,422 shares of the financial services provider's stock valued at $3,469,000 after acquiring an additional 15,404 shares during the last quarter. Focus Partners Wealth raised its position in shares of CBRE Group by 10.3% during the 4th quarter. Focus Partners Wealth now owns 23,108 shares of the financial services provider's stock valued at $3,077,000 after acquiring an additional 2,149 shares in the last quarter. Ethic Inc. lifted its stake in CBRE Group by 9.1% during the fourth quarter. Ethic Inc. now owns 72,899 shares of the financial services provider's stock worth $9,571,000 after purchasing an additional 6,105 shares during the last quarter. Finally, Fred Alger Management LLC bought a new position in CBRE Group during the fourth quarter worth $8,047,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CBRE. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Morgan Stanley cut their target price 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. UBS Group cut their price target on 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 upped their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Finally, StockNews.com cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average price target of $149.22.

Insider Activity

In related news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,424 shares of company stock worth $431,064 over the last 90 days. 0.42% of the stock is owned by company insiders.

CBRE Group Price Performance

CBRE Group stock traded down $2.70 during trading hours on Wednesday, hitting $128.66. 1,968,512 shares of the company traded hands, compared to its average volume of 1,815,829. The firm's 50-day simple moving average is $124.22 and its two-hundred day simple moving average is $132.05. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm has a market cap of $38.35 billion, a P/E ratio of 40.97 and a beta of 1.30. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share 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 during the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the company posted $0.78 EPS. The company's 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 earnings per share for the current fiscal year.

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.