Sei Investments Co. Buys 660,887 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sei Investments Co. increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 40.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,278,063 shares of the financial services provider’s stock after acquiring an additional 660,887 shares during the quarter. Sei Investments Co.’s holdings in CBRE Group were worth $299,089,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CBRE. FMR LLC increased its stake in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group in the 4th quarter valued at $190,695,000. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at $175,978,000. Los Angeles Capital Management LLC increased its stake in shares of CBRE Group by 1,499.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock valued at $139,162,000 after acquiring an additional 993,687 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of CBRE Group by 150.5% in the 4th quarter. American Century Companies Inc. now owns 1,157,720 shares of the financial services provider’s stock valued at $151,997,000 after acquiring an additional 695,558 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction dated 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 directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

CBRE Group Trading Down 0.3 %

NYSE CBRE opened at $129.76 on Friday. The stock has a market capitalization of $38.93 billion, a price-to-earnings ratio of 41.32 and a beta of 1.42. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The business’s fifty day moving average is $137.34 and its 200-day moving average is $131.53.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

CBRE has been the subject of several research analyst reports. Evercore ISI lowered their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.89.

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.