Systematic Alpha Investments LLC Purchases 4,895 Shares of CBRE Group, Inc. (NYSE:CBRE)

Systematic Alpha Investments LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,223 shares of the financial services provider's stock after purchasing an additional 4,895 shares during the quarter. Systematic Alpha Investments LLC's holdings in CBRE Group were worth $1,736,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CBRE. Norges Bank bought a new stake in CBRE Group in the fourth quarter worth $514,609,000. Artisan Partners Limited Partnership boosted its stake in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in CBRE Group during the 4th quarter valued at about $190,695,000. Manning & Napier Advisors LLC bought a new stake in CBRE Group during the 4th quarter valued at about $175,978,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of CBRE Group by 11,750.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock worth $161,876,000 after buying an additional 1,222,558 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE traded down $1.07 during trading on Monday, hitting $117.01. The company's stock had a trading volume of 2,881,417 shares, compared to its average volume of 1,779,578. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market cap of $35.11 billion, a PE ratio of 37.26 and a beta of 1.26. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The business's 50 day simple moving average is $136.28 and its 200-day simple moving average is $132.66.

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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 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at $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 available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CBRE shares. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Morgan Stanley upped their price target on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of 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 note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.