Applied Finance Capital Management LLC Acquires Shares of 361,683 CBRE Group, Inc. (NYSE:CBRE)

Applied Finance Capital Management LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 361,683 shares of the financial services provider's stock, valued at approximately $47,485,000. CBRE Group makes up 2.1% of Applied Finance Capital Management LLC's investment portfolio, making the stock its 17th largest position. Applied Finance Capital Management LLC owned about 0.12% of CBRE Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $1,518,000. Merit Financial Group LLC purchased a new stake in CBRE Group in the 4th quarter valued at approximately $256,000. Fulton Bank N.A. lifted its stake in CBRE Group by 342.0% in the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock valued at $3,262,000 after buying an additional 19,227 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock valued at $477,000 after buying an additional 3,807 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in CBRE Group during the fourth quarter worth $175,978,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

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CBRE Group Trading Down 0.7 %

CBRE stock traded down $0.76 on Friday, hitting $115.89. 2,605,133 shares of the company were exchanged, compared to its average volume of 1,809,089. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 36.91 and a beta of 1.26. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The business's fifty day moving average is $132.59 and its two-hundred day moving average is $132.32.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on CBRE shares. JPMorgan Chase & Co. reduced their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Morgan Stanley raised their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, UBS Group reduced their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday. 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 company's stock. According to data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $151.33.

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.