Headlands Technologies LLC Acquires 459 Shares of CBRE Group, Inc. (NYSE:CBRE)

Headlands Technologies LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 44.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,486 shares of the financial services provider’s stock after purchasing an additional 459 shares during the period. Headlands Technologies LLC’s holdings in CBRE Group were worth $138,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI purchased a new position in CBRE Group during the fourth quarter worth about $204,000. Syon Capital LLC grew its position in shares of CBRE Group by 37.8% in the 4th quarter. Syon Capital LLC now owns 5,548 shares of the financial services provider’s stock worth $516,000 after buying an additional 1,521 shares during the last quarter. Bailard Inc. raised its holdings in CBRE Group by 13.1% in the 4th quarter. Bailard Inc. now owns 8,186 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 948 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in CBRE Group by 4.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 337 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in CBRE Group in the fourth quarter worth $158,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE CBRE opened at $87.94 on Tuesday. The stock has a 50-day simple moving average of $92.03 and a two-hundred day simple moving average of $85.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $26.99 billion, a P/E ratio of 27.74 and a beta of 1.42. 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 issued its quarterly 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. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts forecast that CBRE Group, Inc. will post 4.45 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold 39,592 shares of company stock valued at $3,675,752 over the last 90 days. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Raymond James increased their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group started coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. 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 company. Based on data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average price target of $99.50.

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.