Harvest Fund Management Co. Ltd Buys 4,832 Shares of CBRE Group, Inc. (NYSE:CBRE)

Harvest Fund Management Co. Ltd raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 166.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,741 shares of the financial services provider’s stock after purchasing an additional 4,832 shares during the period. Harvest Fund Management Co. Ltd’s holdings in CBRE Group were worth $1,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after acquiring an additional 277,922 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of CBRE Group by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,521 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 181 shares during the period. Empowered Funds LLC increased its stake in shares of CBRE Group by 10.3% in the third quarter. Empowered Funds LLC now owns 4,774 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 446 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of CBRE Group by 19.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 45,431 shares of the financial services provider’s stock valued at $5,655,000 after purchasing an additional 7,394 shares during the period. Finally, Pathstone Holdings LLC boosted its holdings in CBRE Group by 6.1% in the 3rd quarter. Pathstone Holdings LLC now owns 40,256 shares of the financial services provider’s stock worth $5,011,000 after buying an additional 2,329 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction 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 approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $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. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

CBRE stock opened at $128.73 on Thursday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The firm has a market capitalization of $38.62 billion, a P/E ratio of 41.00 and a beta of 1.42. The company has a fifty day simple moving average of $137.21 and a two-hundred day simple moving average of $131.44. The company has a quick ratio of 1.13, a current ratio of 1.07 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, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CBRE shares. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Evercore ISI lowered their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Morgan Stanley increased their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.89.

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.