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

Sei Investments Co. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,278,063 shares of the financial services provider’s stock after buying an additional 660,887 shares during the period. Sei Investments Co. owned 0.74% of CBRE Group worth $299,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Meridian Wealth Management LLC boosted its holdings in shares of CBRE Group by 1.4% in the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock valued at $682,000 after buying an additional 71 shares during the period. Gilbert & Cook Inc. boosted its holdings in CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 75 shares during the last quarter. Signaturefd LLC boosted its holdings in CBRE Group by 2.0% during the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 99 shares during the last quarter. IFP Advisors Inc boosted its holdings in CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 100 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 104 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CBRE. Morgan Stanley increased their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction that occurred on 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 approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $129.76 on Friday. 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 company’s 50-day moving average is $137.34 and its 200-day moving average is $131.53. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm has a market capitalization of $38.93 billion, a PE ratio of 41.32 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating 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 analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group Company 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.