CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,325 shares of the financial services provider’s stock after acquiring an additional 895 shares during the period. Meeder Advisory Services Inc.’s holdings in CBRE Group were worth $699,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRE. Hudson Valley Investment Advisors Inc. ADV acquired a new position in shares of CBRE Group in the 4th quarter valued at approximately $1,518,000. Merit Financial Group LLC acquired a new stake in CBRE Group in the fourth quarter valued at $256,000. Fulton Bank N.A. boosted its stake in CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after acquiring an additional 19,227 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 3,807 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter worth about $175,978,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE opened at $123.76 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a fifty day moving average of $136.75 and a 200-day moving average of $132.49. The company has a market cap of $37.13 billion, a price-to-earnings ratio of 39.41 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

CBRE has been the topic of several research analyst reports. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.89.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.