New York Life Investment Management LLC Sells 416 Shares of CBRE Group, Inc. (NYSE:CBRE)

New York Life Investment Management LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,779 shares of the financial services provider’s stock after selling 416 shares during the quarter. New York Life Investment Management LLC’s holdings in CBRE Group were worth $4,448,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of CBRE Group by 15.1% during the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock worth $503,786,000 after purchasing an additional 894,521 shares during the period. Eminence Capital LP acquired a new position in shares of CBRE Group in the third quarter valued at approximately $45,494,000. Harris Associates L P increased its position in shares of CBRE Group by 4.0% during the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock worth $1,131,677,000 after acquiring an additional 586,661 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of CBRE Group by 5.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,824,186 shares of the financial services provider’s stock worth $430,175,000 after acquiring an additional 294,954 shares during the period. Finally, FMR LLC raised its holdings in shares of CBRE Group by 3.1% during the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after acquiring an additional 288,287 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 over the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CBRE shares. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Evercore ISI lifted their target price on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Raymond James raised their price target on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $99.50.

CBRE Group Trading Down 0.2 %

Shares of NYSE:CBRE opened at $86.61 on Friday. The company has a 50-day simple moving average of $91.70 and a 200 day simple moving average of $85.80. The company has a market capitalization of $26.58 billion, a P/E ratio of 26.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65.

CBRE Group (NYSE:CBRE) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that CBRE Group, Inc. will post 4.45 earnings per share 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.