Vinva Investment Management Ltd Boosts Stake in CBRE Group, Inc. (NYSE:CBRE)

Vinva Investment Management Ltd lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 61.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,865 shares of the financial services provider’s stock after acquiring an additional 46,004 shares during the quarter. Vinva Investment Management Ltd’s holdings in CBRE Group were worth $15,745,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CBRE. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the 4th quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in CBRE Group in the 3rd quarter valued at about $27,000. Denver PWM LLC purchased a new position in CBRE Group in the 4th quarter valued at about $29,000. Larson Financial Group LLC lifted its stake in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after buying an additional 281 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 238 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group 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 owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Down 1.9 %

Shares of NYSE CBRE opened at $126.28 on Wednesday. The company has a 50 day simple moving average of $137.24 and a 200-day simple moving average of $131.46. The company has a market capitalization of $37.89 billion, a P/E ratio of 40.22 and a beta of 1.42. 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.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Morgan Stanley raised their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

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.