CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1,410.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,440 shares of the financial services provider’s stock after purchasing an additional 145,150 shares during the quarter. Tidal Investments LLC owned 0.05% of CBRE Group worth $20,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Meridian Wealth Management LLC increased its position in shares of CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock worth $682,000 after acquiring an additional 71 shares during the last quarter. Gilbert & Cook Inc. increased its position in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 75 shares during the last quarter. Signaturefd LLC increased its position in shares of CBRE Group by 2.0% during the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 99 shares during the last quarter. IFP Advisors Inc increased its position in shares of CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 100 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 104 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Up 1.0%

NYSE:CBRE opened at $131.58 on Monday. The firm has a market capitalization of $39.22 billion, a PE ratio of 41.90 and a beta of 1.30. The stock has a 50 day moving average of $124.42 and a 200-day moving average of $132.06. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. Analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. UBS Group lowered their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Morgan Stanley lowered their price objective on CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction that occurred 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 directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,424 shares of company stock valued at $431,064. 0.42% of the stock is currently owned by insiders.

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.