Entropy Technologies LP boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 185.5% in the fourth quarter, HoldingsChannel reports. The firm owned 47,872 shares of the financial services provider’s stock after purchasing an additional 31,107 shares during the quarter. Entropy Technologies LP’s holdings in CBRE Group were worth $7,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares during the last quarter. Woodline Partners LP grew its position in CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after purchasing an additional 6,908 shares during the last quarter. Geneos Wealth Management Inc. grew its position in CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares during the last quarter. First Trust Advisors LP increased its stake in shares of CBRE Group by 41.3% in the second quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider’s stock valued at $3,474,000 after purchasing an additional 7,242 shares during the period. Finally, Walleye Capital LLC increased its stake in shares of CBRE Group by 54.6% in the second quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 1,728 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.
CBRE Group Trading Up 0.9%
Shares of CBRE stock opened at $133.16 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The stock has a fifty day moving average of $138.43 and a two-hundred day moving average of $148.99. The firm has a market capitalization of $38.99 billion, a PE ratio of 30.33 and a beta of 1.21.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on CBRE shares. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Barclays lifted their price target on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Evercore reiterated an “outperform” rating and set a $179.00 price target on shares of CBRE Group in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $180.29.
Get Our Latest Stock Report on CBRE Group
Insider Transactions at CBRE Group
In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares in the company, valued at $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.
About CBRE Group
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.
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