Globeflex Capital L P Acquires New Stake in CBRE Group, Inc. (NYSE:CBRE)

Globeflex Capital L P acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,000 shares of the financial services provider’s stock, valued at approximately $131,000.

A number of other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in CBRE Group in the fourth quarter worth approximately $25,000. Canton Hathaway LLC acquired a new position in CBRE Group in the third quarter worth approximately $27,000. Denver PWM LLC acquired a new position in CBRE Group in the fourth quarter worth approximately $29,000. Larson Financial Group LLC grew its position in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after buying an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.89.

Insider Activity

In other news, insider Chad J. Doellinger sold 797 shares of the firm’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 approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

CBRE Group Trading Up 3.1 %

Shares of NYSE:CBRE opened at $125.53 on Friday. The firm has a fifty day moving average of $137.35 and a two-hundred day moving average of $131.17. The firm has a market capitalization of $37.66 billion, a P/E ratio of 39.98 and a beta of 1.42. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

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 analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

CBRE Group Company 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.