CBRE Group, Inc. $CBRE Stake Lifted by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 46.1% during the first quarter, Holdings Channel.com reports. The fund owned 56,449 shares of the financial services provider’s stock after purchasing an additional 17,800 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in CBRE Group were worth $7,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss RE Ltd. bought a new position in CBRE Group during the 4th quarter valued at $25,000. Navalign LLC bought a new stake in shares of CBRE Group in the 4th quarter worth $29,000. Ascentis Independent Advisors bought a new stake in shares of CBRE Group in the 1st quarter worth $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of CBRE Group in the first quarter valued at $33,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of CBRE Group by 5,180.0% in the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after buying an additional 259 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CBRE. Barclays raised their target price on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Trading Up 2.9%

NYSE:CBRE opened at $139.50 on Friday. 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 simple moving average of $134.36 and a 200 day simple moving average of $143.99. The firm has a market capitalization of $40.85 billion, a price-to-earnings ratio of 31.78 and a beta of 1.20. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. Sell-side analysts forecast that CBRE Group, Inc. will post 7.75 earnings per share for the current year.

CBRE Group Company Profile

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.