Crestline Management LP Purchases Shares of 6,067 CBRE Group, Inc. (NYSE:CBRE)

Crestline Management LP acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,067 shares of the financial services provider’s stock, valued at approximately $797,000.

Other institutional investors also recently modified their holdings of the company. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group in the 4th quarter valued at about $1,518,000. Merit Financial Group LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $256,000. Manning & Napier Advisors LLC bought a new position in CBRE Group in the 4th quarter worth approximately $175,978,000. Robeco Institutional Asset Management B.V. lifted its holdings in CBRE Group by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock worth $391,752,000 after buying an additional 338,298 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in CBRE Group by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider’s stock valued at $2,181,000 after buying an additional 466 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CBRE shares. Keefe, Bruyette & Woods upped their price target on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley reduced their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.22.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider now directly owns 27,945 shares in the company, valued at $3,522,467.25. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,424 shares of company stock worth $431,064 over the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Trading Up 0.9 %

NYSE CBRE opened at $126.67 on Friday. The stock’s 50 day moving average price is $124.49 and its two-hundred day moving average price is $132.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock has a market capitalization of $37.76 billion, a price-to-earnings ratio of 40.34 and a beta of 1.30. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.