GAMMA Investing LLC Has $214,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

GAMMA Investing LLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,197 shares of the financial services provider’s stock after buying an additional 370 shares during the quarter. GAMMA Investing LLC’s holdings in CBRE Group were worth $214,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in CBRE Group during the fourth quarter worth $844,000. AJOVista LLC purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $208,000. SG Americas Securities LLC boosted its holdings in CBRE Group by 795.4% during the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock worth $13,107,000 after purchasing an additional 125,071 shares during the last quarter. DNB Asset Management AS grew its position in CBRE Group by 37.9% in the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after purchasing an additional 35,386 shares in the last quarter. Finally, Harris Associates L P increased its stake in CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after buying an additional 683,225 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE CBRE opened at $90.18 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a market cap of $27.67 billion, a PE ratio of 28.09 and a beta of 1.41. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The firm’s 50-day simple moving average is $87.62 and its two-hundred day simple moving average is $89.18.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. CBRE Group’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. Research analysts predict that CBRE Group, Inc. will post 4.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CBRE. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Evercore ISI lifted their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Hold” and a consensus price target 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.