Harvest Fund Management Co. Ltd Purchases 4,832 Shares of CBRE Group, Inc. (NYSE:CBRE)

Harvest Fund Management Co. Ltd increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 166.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,741 shares of the financial services provider's stock after buying an additional 4,832 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in CBRE Group were worth $1,016,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its stake in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after purchasing an additional 3,498,244 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in shares of CBRE Group during the fourth quarter worth about $190,695,000. Manning & Napier Advisors LLC acquired a new stake in CBRE Group in the 4th quarter valued at approximately $175,978,000. Los Angeles Capital Management LLC lifted its stake in CBRE Group by 1,499.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider's stock valued at $139,162,000 after acquiring an additional 993,687 shares in the last quarter. Finally, State Street Corp boosted its position in CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after acquiring an additional 692,697 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded up $4.26 during trading on Monday, reaching $134.04. 1,269,017 shares of the stock were exchanged, compared to its average volume of 1,669,604. The firm has a market cap of $40.22 billion, a PE ratio of 42.69 and a beta of 1.42. The stock has a 50-day moving average price of $137.34 and a 200-day moving average price of $131.76. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

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CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results 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 net margin of 2.71% and a return on equity of 16.96%. Research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CBRE. Evercore ISI cut their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. StockNews.com upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 target price for the company. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $149.89.

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.