Paralel Advisors LLC Grows Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Paralel Advisors LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,819 shares of the financial services provider's stock after buying an additional 2,344 shares during the period. Paralel Advisors LLC's holdings in CBRE Group were worth $3,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meridian Wealth Management LLC raised its position in shares of CBRE Group by 1.4% in the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after acquiring an additional 71 shares during the period. Gilbert & Cook Inc. boosted its position in CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after purchasing an additional 75 shares in the last quarter. Signaturefd LLC grew its holdings in CBRE Group by 2.0% in the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after purchasing an additional 99 shares during the period. IFP Advisors Inc increased its position in shares of CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after buying an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

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CBRE Group Trading Up 0.6 %

Shares of CBRE stock traded up $0.73 on Tuesday, hitting $119.74. 606,310 shares of the stock traded hands, compared to its average volume of 1,974,147. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm's 50-day moving average price is $132.02 and its two-hundred day moving average price is $132.29. The stock has a market capitalization of $35.90 billion, a PE ratio of 38.13 and a beta of 1.26.

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, beating the consensus estimate 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, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now directly 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 filing with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. Finally, StockNews.com cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and an average price target of $151.33.

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.