Duality Advisers LP Sells 18,826 Shares of CBRE Group, Inc. (NYSE:CBRE)

Duality Advisers LP lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 86.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,068 shares of the financial services provider’s stock after selling 18,826 shares during the period. Duality Advisers LP’s holdings in CBRE Group were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CBRE. Cary Street Partners Investment Advisory LLC raised its position in CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares in the last quarter. Headinvest LLC acquired a new stake in shares of CBRE Group during the third quarter worth approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth approximately $45,000. Bruce G. Allen Investments LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth approximately $48,000. Finally, Planned Solutions Inc. acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $52,000. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBRE. StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. Evercore ISI lifted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $99.50.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock valued at $3,675,752 in the last quarter. Company insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 0.3 %

CBRE Group stock opened at $87.28 on Friday. The firm has a market capitalization of $26.79 billion, a PE ratio of 27.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50-day moving average is $92.13 and its 200-day moving average is $85.30. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. CBRE Group’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 4.45 earnings per share for the current 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.