Intech Investment Management LLC Has $3.70 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Intech Investment Management LLC increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 201.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,169 shares of the financial services provider's stock after acquiring an additional 18,831 shares during the period. Intech Investment Management LLC's holdings in CBRE Group were worth $3,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC purchased a new stake in shares of CBRE Group in the third quarter valued at $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of CBRE Group during the 4th quarter worth about $1,518,000. Merit Financial Group LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at approximately $256,000. Fulton Bank N.A. boosted its holdings in CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock valued at $3,262,000 after acquiring an additional 19,227 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its position in CBRE Group by 17,304.5% during the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock valued at $477,000 after acquiring an additional 3,807 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity at CBRE Group

In other 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, 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. Corporate insiders own 0.54% of the company's stock.

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CBRE Group Stock Up 3.3 %

CBRE traded up $4.26 during trading on Monday, reaching $134.04. 1,269,017 shares of the stock traded hands, compared to its average volume of 1,669,604. The stock's 50-day simple moving average is $137.34 and its two-hundred day simple moving average is $131.76. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The stock has a market cap of $40.22 billion, a price-to-earnings ratio of 42.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CBRE shares. Citigroup lifted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. StockNews.com upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Evercore ISI decreased their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $149.89.

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.