Stevens Capital Management LP Increases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Stevens Capital Management LP raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,176 shares of the financial services provider's stock after purchasing an additional 2,103 shares during the period. Stevens Capital Management LP's holdings in CBRE Group were worth $942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CBRE. Algert Global LLC bought a new position in shares of CBRE Group during the third quarter valued at approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in CBRE Group in the 4th quarter worth $1,518,000. Merit Financial Group LLC purchased a new stake in shares of CBRE Group in the 4th quarter worth about $256,000. Fulton Bank N.A. boosted 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 valued at $3,262,000 after purchasing an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its position in shares of 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 buying an additional 3,807 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on CBRE shares. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Evercore ISI lowered their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Three investment 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $149.89.

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CBRE Group Stock Down 0.8 %

Shares of CBRE traded down $1.05 during trading hours on Thursday, hitting $131.57. The company had a trading volume of 1,779,013 shares, compared to its average volume of 1,670,036. The stock has a market capitalization of $39.48 billion, a price-to-earnings ratio of 41.90 and a beta of 1.42. The firm has a fifty day moving average price of $137.69 and a 200-day moving average price of $132.05. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. 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 (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's 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 completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the 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 transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

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.