Occudo Quantitative Strategies LP Purchases New Holdings in CBRE Group, Inc. (NYSE:CBRE)

Occudo Quantitative Strategies LP purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,798 shares of the financial services provider's stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Merit Financial Group LLC purchased a new stake in CBRE Group during the fourth quarter worth $256,000. Manning & Napier Advisors LLC acquired a new position in shares of CBRE Group during the 4th quarter worth $175,978,000. Robeco Institutional Asset Management B.V. boosted its position in shares of CBRE Group by 12.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after buying an additional 338,298 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CBRE Group in the 4th quarter valued at about $36,643,000. Finally, Pacer Advisors Inc. increased its holdings in CBRE Group by 12.5% during the 4th quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider's stock valued at $3,299,000 after acquiring an additional 2,798 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.0%

CBRE traded down $1.38 during trading hours on Monday, reaching $130.23. 1,817,117 shares of the stock traded hands, compared to its average volume of 1,810,340. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a market cap of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The firm's fifty day simple moving average is $124.42 and its two-hundred day simple moving average is $132.06.

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 analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares in the company, valued at $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm'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 transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,424 shares of company stock worth $431,064. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CBRE has been the subject of several analyst reports. Morgan Stanley cut their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note 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 on the stock in a research note on Friday, April 11th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their price target 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, JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $149.22.

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.