APG Asset Management N.V. cut its stake in CBRE Group Inc (NYSE:CBRE) by 54.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,013,000 shares of the financial services provider’s stock after selling 2,361,308 shares during the quarter. APG Asset Management N.V. owned approximately 0.60% of CBRE Group worth $88,652,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of CBRE. Quadrant Capital Group LLC raised its position in shares of CBRE Group by 10.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,342 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 328 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in CBRE Group by 4.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 10,863 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 457 shares during the period. US Bancorp DE increased its position in CBRE Group by 4.2% during the fourth quarter. US Bancorp DE now owns 75,778 shares of the financial services provider’s stock worth $4,644,000 after acquiring an additional 3,086 shares during the period. Corient Capital Partners LLC increased its position in CBRE Group by 6.0% during the fourth quarter. Corient Capital Partners LLC now owns 4,234 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 241 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in CBRE Group by 12.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 63,868 shares of the financial services provider’s stock worth $3,894,000 after acquiring an additional 7,259 shares during the period. 92.99% of the stock is currently owned by institutional investors.
Shares of NYSE:CBRE traded down $4.18 during mid-day trading on Thursday, hitting $47.15. The company had a trading volume of 138,274 shares, compared to its average volume of 2,201,770. The firm has a fifty day moving average price of $42.21 and a 200 day moving average price of $51.64. The company has a market capitalization of $17.44 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.73. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.20 and a quick ratio of 1.20. CBRE Group Inc has a one year low of $29.17 and a one year high of $64.75.
CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. The company had revenue of $5.89 billion during the quarter, compared to analyst estimates of $5.40 billion. CBRE Group had a net margin of 5.23% and a return on equity of 21.37%. CBRE Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. Research analysts expect that CBRE Group Inc will post 2.54 earnings per share for the current fiscal year.
Several equities analysts have commented on the stock. TheStreet lowered shares of CBRE Group from a “b-” rating to a “c+” rating in a report on Friday, April 3rd. UBS Group decreased their target price on shares of CBRE Group from $59.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Cfra lowered shares of CBRE Group from a “hold” rating to a “sell” rating and decreased their target price for the company from $57.00 to $35.00 in a report on Friday, May 8th. ValuEngine lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, May 15th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of CBRE Group from $52.00 to $51.00 and set a “market perform” rating on the stock in a research note on Friday, May 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.38.
In other CBRE Group news, Director Raymond E. Wirta sold 87,516 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $36.01, for a total transaction of $3,151,451.16. Following the completion of the sale, the director now owns 7,017 shares in the company, valued at approximately $252,682.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shira Goodman purchased 2,600 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $38.73 per share, with a total value of $100,698.00. Following the purchase, the director now directly owns 4,228 shares in the company, valued at approximately $163,750.44. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
CBRE Group Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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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