CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 138.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,900 shares of the financial services provider’s stock after acquiring an additional 5,754 shares during the quarter. Bayesian Capital Management LP’s holdings in CBRE Group were worth $963,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Humankind Investments LLC grew its holdings in shares of CBRE Group by 5.3% during the 4th quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 146 shares during the period. Tower Research Capital LLC TRC increased its holdings in CBRE Group by 0.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock valued at $3,955,000 after purchasing an additional 149 shares in the last quarter. HB Wealth Management LLC raised its position in CBRE Group by 5.3% in the first quarter. HB Wealth Management LLC now owns 3,775 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 191 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of CBRE Group by 4.4% during the first quarter. Bleakley Financial Group LLC now owns 4,506 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 191 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of CBRE Group by 0.7% in the first quarter. Park Avenue Securities LLC now owns 29,404 shares of the financial services provider’s stock worth $2,859,000 after buying an additional 194 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Raymond James boosted their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Morgan Stanley assumed coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target on the stock. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $100.00 to $123.00 in a report on Friday, July 26th. Finally, StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $108.86.

Insider Activity

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction on Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

CBRE Group Stock Down 0.8 %

CBRE stock traded down $0.92 during mid-day trading on Wednesday, hitting $111.08. 39,411 shares of the company were exchanged, compared to its average volume of 1,672,978. The firm has a fifty day simple moving average of $91.42 and a 200 day simple moving average of $90.44. The company has a market capitalization of $34.04 billion, a PE ratio of 34.89 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $112.39. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, research analysts forecast that CBRE Group, Inc. will post 4.83 earnings per share for the current fiscal year.

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.