Runnymede Capital Advisors Inc. Acquires Shares of 440 CBRE Group, Inc. (NYSE:CBRE)

Runnymede Capital Advisors Inc. acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 440 shares of the financial services provider’s stock, valued at approximately $58,000.

Several other hedge funds also recently bought and sold shares of CBRE. Mizuho Securities USA LLC grew its position in shares of CBRE Group by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 28,509 shares of the financial services provider’s stock worth $3,743,000 after buying an additional 8,977 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of CBRE Group during the 4th quarter worth $6,710,000. TD Private Client Wealth LLC grew its position in shares of CBRE Group by 11.7% during the 4th quarter. TD Private Client Wealth LLC now owns 3,233 shares of the financial services provider’s stock worth $424,000 after buying an additional 338 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of CBRE Group by 132.1% during the 4th quarter. Teacher Retirement System of Texas now owns 656,429 shares of the financial services provider’s stock worth $86,183,000 after buying an additional 373,577 shares in the last quarter. Finally, Sandy Spring Bank grew its position in shares of CBRE Group by 1,637.9% during the 4th quarter. Sandy Spring Bank now owns 1,512 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,425 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CBRE. Morgan Stanley increased their price target on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods raised their price objective 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, JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the firm’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 completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $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 currently owned by company insiders.

CBRE Group Trading Down 0.3 %

CBRE Group stock opened at $129.76 on Friday. The stock has a 50-day moving average of $137.34 and a two-hundred day moving average of $131.64. 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 one year low of $84.24 and a one year high of $147.75. The stock has a market cap of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.