Alphasimplex Group LLC Has $238,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Alphasimplex Group LLC lessened its position in shares of CBRE Group, Inc. (NYSE:CBREGet Rating) by 43.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,189 shares of the financial services provider’s stock after selling 1,706 shares during the quarter. Alphasimplex Group LLC’s holdings in CBRE Group were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CBRE. ProShare Advisors LLC lifted its holdings in shares of CBRE Group by 20.5% in the 4th quarter. ProShare Advisors LLC now owns 121,848 shares of the financial services provider’s stock worth $13,222,000 after purchasing an additional 20,705 shares in the last quarter. Lockheed Martin Investment Management Co. bought a new position in shares of CBRE Group in the 4th quarter worth $2,708,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of CBRE Group by 14.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 29,124 shares of the financial services provider’s stock worth $3,160,000 after purchasing an additional 3,626 shares in the last quarter. Abacus Planning Group Inc. bought a new position in shares of CBRE Group in the 4th quarter worth $214,000. Finally, Banque Pictet & Cie SA lifted its holdings in shares of CBRE Group by 66.7% in the 4th quarter. Banque Pictet & Cie SA now owns 19,782 shares of the financial services provider’s stock worth $2,147,000 after purchasing an additional 7,914 shares in the last quarter. 96.30% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. StockNews.com assumed coverage on CBRE Group in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Raymond James lowered their price target on CBRE Group from $126.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 26th. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Tuesday, April 5th. They issued a “buy” rating and a $111.00 price target for the company. Zacks Investment Research lowered CBRE Group from a “buy” rating to a “hold” rating and set a $87.00 price target for the company. in a research report on Wednesday, April 27th. Finally, Wolfe Research lowered their price target on CBRE Group from $171.00 to $116.00 and set an “outperform” rating for the company in a research report on Thursday, March 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, CBRE Group has a consensus rating of “Buy” and an average price target of $108.00.

CBRE traded up $2.47 during trading hours on Friday, hitting $80.80. The stock had a trading volume of 2,156,362 shares, compared to its average volume of 2,035,776. The company’s fifty day simple moving average is $86.66 and its 200 day simple moving average is $96.66. CBRE Group, Inc. has a 1 year low of $76.97 and a 1 year high of $111.00. The stock has a market cap of $26.41 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.16.

CBRE Group (NYSE:CBREGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.31. CBRE Group had a return on equity of 25.00% and a net margin of 6.74%. The company had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities analysts expect that CBRE Group, Inc. will post 6.2 EPS for the current year.

In other CBRE Group news, CEO Daniel G. Queenan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $96.86, for a total value of $484,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Emma E. Giamartino sold 271 shares of the firm’s stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $99.68, for a total value of $27,013.28. The disclosure for this sale can be found here. In the last three months, insiders sold 45,381 shares of company stock valued at $4,209,073. 0.43% of the stock is currently owned by insiders.

CBRE Group Company Profile (Get Rating)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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