Sei Investments Co. Boosts Stock Position in CBRE Group, Inc. $CBRE

Sei Investments Co. boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 8.7% in the first quarter, HoldingsChannel.com reports. The firm owned 2,181,413 shares of the financial services provider’s stock after acquiring an additional 175,344 shares during the period. Sei Investments Co.’s holdings in CBRE Group were worth $295,494,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CBRE. Swiss RE Ltd. purchased a new position in shares of CBRE Group in the 4th quarter worth approximately $25,000. Navalign LLC bought a new position in shares of CBRE Group during the 4th quarter worth approximately $29,000. Ascentis Independent Advisors purchased a new stake in CBRE Group during the first quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in CBRE Group during the first quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC boosted its stake in CBRE Group by 5,180.0% in the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 259 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBRE has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. UBS Group reissued a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Barclays raised their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $178.86.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

CBRE Group Trading Down 0.8%

NYSE:CBRE opened at $137.16 on Thursday. The company has a market capitalization of $40.16 billion, a P/E ratio of 31.24 and a beta of 1.20. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27. The firm has a fifty day simple moving average of $134.10 and a 200-day simple moving average of $144.20.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.48. The firm had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. On average, equities research analysts anticipate that CBRE Group, Inc. will post 7.75 earnings per share for the current year.

CBRE Group Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.