Headlands Technologies LLC Raises Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Headlands Technologies LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 329.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,407 shares of the financial services provider’s stock after purchasing an additional 1,079 shares during the quarter. Headlands Technologies LLC’s holdings in CBRE Group were worth $125,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in CBRE Group by 6.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 66,262 shares of the financial services provider’s stock valued at $5,905,000 after buying an additional 4,127 shares in the last quarter. Royal London Asset Management Ltd. increased its position in CBRE Group by 3.1% during the 2nd quarter. Royal London Asset Management Ltd. now owns 125,502 shares of the financial services provider’s stock valued at $11,183,000 after buying an additional 3,720 shares in the last quarter. Choreo LLC acquired a new position in CBRE Group during the 2nd quarter valued at about $509,000. Prudential PLC increased its position in CBRE Group by 95.3% during the 2nd quarter. Prudential PLC now owns 6,346 shares of the financial services provider’s stock valued at $565,000 after buying an additional 3,097 shares in the last quarter. Finally, Caprock Group LLC increased its position in CBRE Group by 14.7% during the 2nd quarter. Caprock Group LLC now owns 9,527 shares of the financial services provider’s stock valued at $849,000 after buying an additional 1,224 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CBRE has been the topic of several recent analyst reports. Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Morgan Stanley began coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Finally, UBS Group cut their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.29.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the transaction, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the transaction, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,232 shares of company stock worth $3,058,787. 0.54% of the stock is owned by corporate insiders.

CBRE Group Stock Up 1.0 %

Shares of CBRE opened at $118.66 on Monday. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $119.18. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $36.41 billion, a price-to-earnings ratio of 36.97 and a beta of 1.40. The stock’s 50-day moving average price is $108.09 and its 200-day moving average price is $96.35.

CBRE Group (NYSE:CBRE) last issued its 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 firm had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that CBRE Group, Inc. will post 4.81 EPS for the current year.

CBRE Group 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.