C M Bidwell & Associates Ltd. Invests $213,000 in CBRE Group, Inc. (NYSE:CBRE)

C M Bidwell & Associates Ltd. purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,622 shares of the financial services provider’s stock, valued at approximately $213,000.

Other institutional investors have also added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its stake in shares of CBRE Group by 125.8% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 14,586 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 8,126 shares in the last quarter. Axiom Investors LLC DE purchased a new position in CBRE Group in the fourth quarter worth about $1,858,000. O Shaughnessy Asset Management LLC increased its stake in CBRE Group by 88.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 67,234 shares of the financial services provider’s stock worth $8,827,000 after acquiring an additional 31,464 shares during the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $60,000. Finally, Schroder Investment Management Group boosted its holdings in shares of CBRE Group by 14.9% in the 4th quarter. Schroder Investment Management Group now owns 523,780 shares of the financial services provider’s stock worth $68,233,000 after purchasing an additional 68,107 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 1.6 %

CBRE opened at $129.40 on Monday. 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 stock’s fifty day moving average is $137.54 and its two-hundred day moving average is $132.36. The company has a market capitalization of $38.82 billion, a P/E ratio of 41.21 and a beta of 1.42. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last posted its 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 net margin of 2.71% and a return on equity of 16.96%. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

CBRE has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. 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 price target on the stock. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Three investment 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction that occurred on 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 owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.