R Squared Ltd Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

R Squared Ltd purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 727 shares of the financial services provider’s stock, valued at approximately $95,000.

A number of other hedge funds also recently made changes to their positions in the business. Perigon Wealth Management LLC increased its position in CBRE Group by 16.6% in the 4th quarter. Perigon Wealth Management LLC now owns 2,559 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 364 shares during the period. Pacer Advisors Inc. grew its stake in shares of CBRE Group by 12.5% in the fourth quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider’s stock worth $3,299,000 after purchasing an additional 2,798 shares in the last quarter. KBC Group NV increased its holdings in shares of CBRE Group by 0.4% during the fourth quarter. KBC Group NV now owns 268,265 shares of the financial services provider’s stock valued at $35,220,000 after purchasing an additional 1,049 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of CBRE Group during the fourth quarter valued at about $7,549,000. Finally, Blue Trust Inc. lifted its holdings in CBRE Group by 25.2% in the fourth quarter. Blue Trust Inc. now owns 11,752 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 2,367 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CBRE shares. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.56.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 2.2 %

Shares of CBRE Group stock opened at $144.75 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $146.83. The firm has a market capitalization of $44.30 billion, a PE ratio of 46.54 and a beta of 1.39. The stock’s fifty day moving average is $134.70 and its 200-day moving average is $124.19.

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.