GAMMA Investing LLC Purchases 1,413 Shares of CBRE Group, Inc. (NYSE:CBRE)

GAMMA Investing LLC grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 29.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,153 shares of the financial services provider’s stock after purchasing an additional 1,413 shares during the period. GAMMA Investing LLC’s holdings in CBRE Group were worth $808,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in CBRE Group during the 3rd quarter valued at $27,000. American National Bank & Trust bought a new position in shares of CBRE Group during the third quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group during the third quarter valued at $32,000. Wolff Wiese Magana LLC increased its holdings in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in CBRE Group in the 3rd quarter worth about $40,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 1.2 %

CBRE stock opened at $131.50 on Friday. The business’s 50-day moving average price is $133.90 and its 200-day moving average price is $118.24. The stock has a market cap of $40.24 billion, a P/E ratio of 42.28 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $142.00.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. On average, equities research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CBRE shares. The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.33.

CBRE Group 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.