OneDigital Investment Advisors LLC Acquires 7,127 Shares of CBRE Group, Inc. (NYSE:CBRE)

OneDigital Investment Advisors LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 202.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,648 shares of the financial services provider's stock after acquiring an additional 7,127 shares during the period. OneDigital Investment Advisors LLC's holdings in CBRE Group were worth $1,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Vision Capital Corp acquired a new stake in CBRE Group during the fourth quarter worth approximately $3,453,000. TD Waterhouse Canada Inc. increased its position in shares of CBRE Group by 901.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,553 shares of the financial services provider's stock worth $335,000 after purchasing an additional 2,298 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in CBRE Group by 86,240.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 30,219 shares of the financial services provider's stock valued at $3,968,000 after purchasing an additional 30,184 shares in the last quarter. MML Investors Services LLC lifted its position in CBRE Group by 54.2% during the fourth quarter. MML Investors Services LLC now owns 101,668 shares of the financial services provider's stock worth $13,348,000 after purchasing an additional 35,746 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in CBRE Group by 1.7% in the 4th quarter. MetLife Investment Management LLC now owns 79,703 shares of the financial services provider's stock valued at $10,464,000 after buying an additional 1,301 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Down 0.7 %

NYSE:CBRE traded down $0.87 during trading hours on Wednesday, hitting $120.88. 218,819 shares of the company were exchanged, compared to its average volume of 1,822,241. The stock has a market capitalization of $36.25 billion, a price-to-earnings ratio of 38.45 and a beta of 1.26. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a fifty day simple moving average of $126.80 and a 200 day simple moving average of $132.02. 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 (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating 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 in the prior year, the business posted $0.78 earnings per share. The firm's revenue was up 12.3% on a year-over-year basis. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction 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 owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Keefe, Bruyette & Woods decreased their price target on CBRE Group from $145.00 to $129.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.00.

About CBRE Group

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.