Headlands Technologies LLC Increases Position in CBRE Group, Inc. (NYSE:CBRE)

Headlands Technologies LLC boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 44.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,486 shares of the financial services provider’s stock after acquiring an additional 459 shares during the period. Headlands Technologies LLC’s holdings in CBRE Group were worth $138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in CBRE Group in the 4th quarter valued at approximately $45,000. Cary Street Partners Investment Advisory LLC boosted its holdings in CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after buying an additional 326 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in CBRE Group during the fourth quarter worth about $48,000. Planned Solutions Inc. acquired a new position in CBRE Group during the fourth quarter worth about $52,000. Finally, Headinvest LLC purchased a new position in CBRE Group in the third quarter valued at about $44,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

CBRE stock opened at $87.94 on Tuesday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $26.99 billion, a P/E ratio of 27.74 and a beta of 1.42. The company has a 50-day simple moving average of $92.03 and a 200 day simple moving average of $85.58.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 earnings per share. Sell-side analysts predict that CBRE Group, Inc. will post 4.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,592 shares of company stock valued at $3,675,752. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Raymond James lifted their target price on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, Evercore ISI upped their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.50.

About CBRE Group

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.