Twin Tree Management LP Purchases 12,326 Shares of CBRE Group, Inc. (NYSE:CBRE)

Twin Tree Management LP boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,606 shares of the financial services provider's stock after acquiring an additional 12,326 shares during the quarter. Twin Tree Management LP's holdings in CBRE Group were worth $9,007,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the 4th quarter worth $25,000. Canton Hathaway LLC bought a new stake in CBRE Group in the third quarter worth about $27,000. Denver PWM LLC bought a new position in shares of CBRE Group during the 4th quarter valued at about $29,000. Larson Financial Group LLC grew its stake in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CBRE. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 target price for the company. Morgan Stanley increased their price target on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods boosted 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. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Citigroup boosted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $149.89.

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CBRE Group Stock Down 0.3 %

CBRE traded down $0.38 on Friday, reaching $129.76. 3,452,450 shares of the company traded hands, compared to its average volume of 1,671,683. The company has a market cap of $38.93 billion, a price-to-earnings ratio of 41.32 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. The stock's 50 day moving average price is $137.22 and its 200-day moving average price is $131.43. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the 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 transaction, the insider now directly 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. 0.54% of the stock is owned by corporate 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.