O Shaughnessy Asset Management LLC Acquires 31,464 Shares of CBRE Group, Inc. (NYSE:CBRE)

O Shaughnessy Asset Management LLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 88.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,234 shares of the financial services provider’s stock after purchasing an additional 31,464 shares during the period. O Shaughnessy Asset Management LLC’s holdings in CBRE Group were worth $8,827,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CBRE. Norges Bank bought a new stake in CBRE Group in the fourth quarter worth $514,609,000. Artisan Partners Limited Partnership boosted its stake in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in CBRE Group during the 4th quarter valued at about $190,695,000. Manning & Napier Advisors LLC bought a new stake in CBRE Group during the 4th quarter valued at about $175,978,000. Finally, Los Angeles Capital Management LLC raised its holdings in CBRE Group by 1,499.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after buying an additional 993,687 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Price Performance

NYSE CBRE opened at $130.86 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $39.26 billion, a P/E ratio of 41.68 and a beta of 1.42. The company has a 50-day moving average price of $137.41 and a 200-day moving average price of $132.45. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on CBRE. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Morgan Stanley upped their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.