CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 3,969.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 529 shares of the financial services provider’s stock after purchasing an additional 516 shares during the period. Versant Capital Management Inc’s holdings in CBRE Group were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Synovus Financial Corp raised its holdings in CBRE Group by 2.9% in the 3rd quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock valued at $1,437,000 after buying an additional 330 shares during the period. Tidal Investments LLC raised its stake in shares of CBRE Group by 97.4% in the 3rd quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock valued at $1,281,000 after acquiring an additional 5,077 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $2,330,000. World Investment Advisors LLC purchased a new position in shares of CBRE Group during the 3rd quarter worth approximately $285,000. Finally, TCW Group Inc. increased its holdings in CBRE Group by 111.7% in the 3rd quarter. TCW Group Inc. now owns 85,188 shares of the financial services provider’s stock valued at $10,604,000 after purchasing an additional 44,957 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 1.2 %

NYSE CBRE opened at $131.50 on Monday. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $142.00. The firm has a 50 day moving average of $133.90 and a two-hundred day moving average of $118.66. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $40.24 billion, a PE ratio of 42.28 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. As a group, research analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CBRE. Evercore ISI upped 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. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Citigroup lifted their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $133.00 to $152.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.