WINTON GROUP Ltd Invests $5.84 Million in CBRE Group, Inc. (NYSE:CBRE)

WINTON GROUP Ltd bought a new stake in CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,458 shares of the financial services provider’s stock, valued at approximately $5,837,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of CBRE Group by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after purchasing an additional 277,922 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in CBRE Group during the 3rd quarter valued at about $217,000. Cerity Partners LLC lifted its stake in CBRE Group by 32.9% in the third quarter. Cerity Partners LLC now owns 59,819 shares of the financial services provider’s stock worth $7,446,000 after purchasing an additional 14,808 shares during the last quarter. Algert Global LLC purchased a new position in shares of CBRE Group during the third quarter valued at approximately $1,829,000. Finally, Fisher Asset Management LLC boosted its position in shares of CBRE Group by 1.6% during the third quarter. Fisher Asset Management LLC now owns 44,753 shares of the financial services provider’s stock valued at $5,571,000 after buying an additional 705 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % 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.

Analysts Set New Price Targets

A number of research firms recently commented on CBRE. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday. Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Morgan Stanley raised their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Price Performance

CBRE stock opened at $132.70 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a market capitalization of $39.81 billion, a P/E ratio of 42.26 and a beta of 1.42. The business’s 50-day moving average is $137.75 and its two-hundred day moving average is $132.05.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (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.

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.