Untitled Investments LP Invests $13.43 Million in CBRE Group, Inc. (NYSE:CBRE)

Untitled Investments LP purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 102,325 shares of the financial services provider's stock, valued at approximately $13,434,000. CBRE Group accounts for approximately 3.3% of Untitled Investments LP's investment portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of CBRE Group by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after acquiring an additional 277,922 shares during the period. World Investment Advisors LLC bought a new stake in CBRE Group during the third quarter worth about $285,000. Wilmington Savings Fund Society FSB acquired a new stake in CBRE Group during the third quarter worth about $2,330,000. Tidal Investments LLC increased its holdings in CBRE Group by 97.4% in the 3rd quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider's stock valued at $1,281,000 after buying an additional 5,077 shares during the period. Finally, Synovus Financial Corp lifted its holdings in shares of CBRE Group by 2.9% during the 3rd quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider's stock worth $1,437,000 after acquiring an additional 330 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Up 0.5 %

Shares of NYSE CBRE opened at $121.39 on Tuesday. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company's 50 day moving average price is $127.20 and its 200-day moving average price is $132.09. The company has a market capitalization of $36.40 billion, a P/E ratio of 38.66 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business's quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of the company's 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 transaction, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group lowered 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 report on Friday, April 11th. JPMorgan Chase & Co. lowered their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Raymond James downgraded 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. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price target for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average target price of $149.00.

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.

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