Sage Mountain Advisors LLC Buys 177 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sage Mountain Advisors LLC lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,094 shares of the financial services provider’s stock after acquiring an additional 177 shares during the quarter. Sage Mountain Advisors LLC’s holdings in CBRE Group were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CBRE. Principal Financial Group Inc. lifted its holdings in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after purchasing an additional 277,922 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in CBRE Group in the 3rd quarter worth approximately $256,000. Sigma Planning Corp purchased a new position in CBRE Group in the 3rd quarter worth approximately $229,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $32,000. Finally, Versor Investments LP lifted its holdings in CBRE Group by 50.0% in the 3rd quarter. Versor Investments LP now owns 4,200 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 1,400 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CBRE shares. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Morgan Stanley upped their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Performance

NYSE:CBRE opened at $127.26 on Thursday. The stock’s fifty day moving average is $137.63 and its 200 day moving average is $131.06. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm has a market capitalization of $38.18 billion, a PE ratio of 40.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction 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 sale, the insider now owns 28,735 shares in the company, 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 SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.