GAMMA Investing LLC Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

GAMMA Investing LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, HoldingsChannel reports. The fund bought 1,827 shares of the financial services provider’s stock, valued at approximately $158,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of CBRE Group by 795.4% during the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock worth $13,107,000 after buying an additional 125,071 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of CBRE Group by 37.9% during the fourth quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after purchasing an additional 35,386 shares during the period. Advisor Resource Council acquired a new position in shares of CBRE Group during the fourth quarter worth $1,083,000. Sei Investments Co. lifted its holdings in shares of CBRE Group by 14.1% during the third quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock worth $79,308,000 after purchasing an additional 132,748 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of CBRE Group by 2.8% during the fourth quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 578 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 over the last three months. 0.54% of the stock is currently owned by insiders.

CBRE Group Trading Up 0.3 %

Shares of CBRE stock opened at $87.28 on Friday. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50-day simple moving average of $92.13 and a two-hundred day simple moving average of $85.30. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 27.53 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Research analysts anticipate that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. StockNews.com upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Finally, Raymond James boosted their target price on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.50.

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.