Quantbot Technologies LP Purchases Shares of 51,105 CBRE Group, Inc. (NYSE:CBRE)

Quantbot Technologies LP acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 51,105 shares of the financial services provider’s stock, valued at approximately $6,710,000.

Several other large investors have also recently made changes to their positions in CBRE. TD Private Client Wealth LLC raised its stake in CBRE Group by 11.7% during the fourth quarter. TD Private Client Wealth LLC now owns 3,233 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 338 shares in the last quarter. Teacher Retirement System of Texas increased 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 valued at $86,183,000 after purchasing an additional 373,577 shares during the last quarter. Sandy Spring Bank increased 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 valued at $199,000 after purchasing an additional 1,425 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in CBRE Group by 166.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 7,741 shares of the financial services provider’s stock worth $1,016,000 after buying an additional 4,832 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its stake in CBRE Group by 61.5% during the fourth quarter. Vinva Investment Management Ltd now owns 120,865 shares of the financial services provider’s stock worth $15,745,000 after buying an additional 46,004 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 4.4 %

CBRE opened at $121.65 on Friday. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a fifty day moving average price of $137.47 and a 200-day moving average price of $131.00. The firm has a market cap of $36.50 billion, a price-to-earnings ratio of 38.74 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

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 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%. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 of the company’s stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of several recent analyst reports. Evercore ISI reduced their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods boosted their target price 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. Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Jefferies Financial Group raised 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. Three research 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 price target 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.