CenterBook Partners LP Invests $760,000 in CBRE Group, Inc. (NYSE:CBRE)

CenterBook Partners LP purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,790 shares of the financial services provider's stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CBRE. Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of CBRE Group during the 4th quarter worth approximately $1,518,000. Merit Financial Group LLC bought a new stake in CBRE Group in the 4th quarter valued at $256,000. Fulton Bank N.A. lifted its stake in shares of CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after buying an additional 19,227 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in CBRE Group during the fourth quarter worth approximately $175,978,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of CBRE Group by 12.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after acquiring an additional 338,298 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Trading Down 0.4 %

Shares of NYSE:CBRE traded down $0.47 during mid-day trading on Tuesday, hitting $118.54. The company had a trading volume of 1,621,030 shares, compared to its average volume of 1,808,210. The firm has a fifty day moving average price of $132.02 and a 200 day moving average price of $132.29. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a market capitalization of $35.54 billion, a PE ratio of 37.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

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CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) 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%. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CBRE. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and upped their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Morgan Stanley upped their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.33.

Insider Transactions at CBRE Group

In related 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 transaction, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was 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. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

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.