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

Twin Tree Management LP increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,606 shares of the financial services provider’s stock after purchasing an additional 12,326 shares during the quarter. Twin Tree Management LP’s holdings in CBRE Group were worth $9,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the fourth quarter worth approximately $25,000. Canton Hathaway LLC bought a new stake in CBRE Group in the 3rd quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in CBRE Group during the 4th quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in shares of CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after buying an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its stake 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 buying an additional 238 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $128.81 on Tuesday. The stock has a market cap of $38.65 billion, a PE ratio of 41.02 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a fifty day moving average price of $137.28 and a 200-day moving average price of $131.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred on 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 represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CBRE has been the subject of a number of research reports. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $149.89.

About CBRE Group

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.