CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 61.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,865 shares of the financial services provider's stock after purchasing an additional 46,004 shares during the quarter. Vinva Investment Management Ltd's holdings in CBRE Group were worth $15,745,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in CBRE Group during the 4th quarter valued at $25,000. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the third quarter valued at $27,000. Denver PWM LLC acquired a new stake in shares of CBRE Group during the fourth quarter valued at $29,000. Larson Financial Group LLC increased its position in CBRE Group by 610.9% during 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 in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 238 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm's 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group 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 sale, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

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CBRE Group Trading Down 0.3 %

CBRE Group stock traded down $0.38 during midday trading on Friday, reaching $129.76. The stock had a trading volume of 3,452,450 shares, compared to its average volume of 1,671,213. The stock's 50-day simple moving average is $137.34 and its 200 day simple moving average is $131.64. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month 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. The stock has a market capitalization of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42.

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 (EPS) 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%. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CBRE shares. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. StockNews.com upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Evercore ISI dropped their target price 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. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to 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.