57,770 Shares in CBRE Group, Inc. (NYSE:CBRE) Acquired by TCTC Holdings LLC

TCTC Holdings LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,770 shares of the financial services provider’s stock, valued at approximately $7,585,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in CBRE Group by 2.0% in the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 99 shares during the last quarter. Cibc World Markets Corp increased its stake in CBRE Group by 11.9% in the fourth quarter. Cibc World Markets Corp now owns 135,199 shares of the financial services provider’s stock valued at $17,750,000 after purchasing an additional 14,342 shares during the last quarter. Twin Tree Management LP increased its stake in CBRE Group by 21.9% in the fourth quarter. Twin Tree Management LP now owns 68,606 shares of the financial services provider’s stock valued at $9,007,000 after purchasing an additional 12,326 shares during the last quarter. American Assets Capital Advisers LLC increased its stake in CBRE Group by 7.5% in the fourth quarter. American Assets Capital Advisers LLC now owns 10,594 shares of the financial services provider’s stock valued at $1,391,000 after purchasing an additional 736 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in CBRE Group by 30.3% in the fourth quarter. Harbour Investments Inc. now owns 786 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 183 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction on 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 approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $125.53 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a fifty day moving average price of $137.35 and a 200 day moving average price of $131.28. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a market cap of $37.66 billion, a PE ratio of 39.98 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. 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 report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average 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.