Systematic Alpha Investments LLC Boosts Position in CBRE Group, Inc. (NYSE:CBRE)

Systematic Alpha Investments LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 58.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,223 shares of the financial services provider’s stock after purchasing an additional 4,895 shares during the quarter. Systematic Alpha Investments LLC’s holdings in CBRE Group were worth $1,736,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new position in CBRE Group in the 4th quarter worth approximately $203,000. Pitcairn Co. raised its position in CBRE Group by 112.1% during the fourth quarter. Pitcairn Co. now owns 5,405 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 2,857 shares in the last quarter. Huntington National Bank lifted its stake in CBRE Group by 7.9% during the fourth quarter. Huntington National Bank now owns 7,165 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 526 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CBRE Group by 11,750.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock worth $161,876,000 after purchasing an additional 1,222,558 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in shares of CBRE Group by 20.2% during the 4th quarter. Meeder Advisory Services Inc. now owns 5,325 shares of the financial services provider’s stock valued at $699,000 after buying an additional 895 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was 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 approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $123.76 on Friday. 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, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a market cap of $37.13 billion, a P/E ratio of 39.41 and a beta of 1.42. The firm’s fifty day simple moving average is $136.75 and its 200 day simple moving average is $132.49.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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%. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 EPS 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.