Gladstone Capital Management LLP Makes New Investment in CBRE Group, Inc. (NYSE:CBRE)

Gladstone Capital Management LLP acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 335,045 shares of the financial services provider’s stock, valued at approximately $43,988,000. CBRE Group comprises about 3.7% of Gladstone Capital Management LLP’s investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. purchased a new stake in CBRE Group during the fourth quarter valued at about $17,514,000. Systematic Alpha Investments LLC grew its stake in CBRE Group by 58.8% during the 4th quarter. Systematic Alpha Investments LLC now owns 13,223 shares of the financial services provider’s stock valued at $1,736,000 after purchasing an additional 4,895 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of CBRE Group during the 4th quarter valued at approximately $203,000. Pitcairn Co. grew its position in shares of CBRE Group by 112.1% during the fourth quarter. Pitcairn Co. now owns 5,405 shares of the financial services provider’s stock worth $710,000 after buying an additional 2,857 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of CBRE Group by 7.9% in the fourth quarter. Huntington National Bank now owns 7,165 shares of the financial services provider’s stock worth $941,000 after buying an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 4.9 %

CBRE Group stock opened at $117.82 on Friday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The stock has a market cap of $35.35 billion, a price-to-earnings ratio of 37.52 and a beta of 1.42. The company’s 50-day moving average price is $136.28 and its two-hundred day moving average price is $132.47. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

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

Wall Street Analyst Weigh In

CBRE has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.89.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.