Alpha DNA Investment Management LLC Invests $135,000 in CBRE Group, Inc. (NYSE:CBRE)

Alpha DNA Investment Management LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,711 shares of the financial services provider’s stock, valued at approximately $135,000.

Several other institutional investors also recently made changes to their positions in the company. Childress Capital Advisors LLC purchased a new position in CBRE Group during the 4th quarter valued at $30,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of CBRE Group in the 1st quarter worth $38,000. CX Institutional grew its position in shares of CBRE Group by 25.2% during the 1st quarter. CX Institutional now owns 635 shares of the financial services provider’s stock worth $50,000 after buying an additional 128 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of CBRE Group by 47.1% during the first quarter. Bogart Wealth LLC now owns 703 shares of the financial services provider’s stock valued at $56,000 after buying an additional 225 shares during the period. Finally, Tompkins Financial Corp bought a new stake in shares of CBRE Group in the fourth quarter valued at about $61,000. Hedge funds and other institutional investors own 94.07% of the company’s stock.

Several brokerages have issued reports on CBRE. Zacks Investment Research cut shares of CBRE Group from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Thursday, May 13th. Raymond James increased their target price on shares of CBRE Group from $89.00 to $93.00 and gave the stock an “outperform” rating in a report on Monday, May 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $75.20.

NYSE:CBRE opened at $88.02 on Friday. The firm has a 50-day moving average price of $84.79. The company has a market cap of $29.54 billion, a PE ratio of 35.21, a P/E/G ratio of 2.08 and a beta of 1.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. CBRE Group, Inc. has a fifty-two week low of $41.03 and a fifty-two week high of $90.21.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 29th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.16. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.75 billion. CBRE Group had a net margin of 3.54% and a return on equity of 16.81%. Equities analysts expect that CBRE Group, Inc. will post 3.83 earnings per share for the current fiscal year.

In other news, CEO Robert E. Sulentic sold 30,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $79.33, for a total transaction of $2,379,900.00. Following the completion of the transaction, the chief executive officer now directly owns 864,947 shares of the company’s stock, valued at approximately $68,616,245.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chandra Dhandapani sold 11,000 shares of CBRE Group stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $84.93, for a total transaction of $934,230.00. Following the transaction, the insider now directly owns 77,636 shares of the company’s stock, valued at $6,593,625.48. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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