Oppenheimer & Co. Inc. Has $4.89 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Oppenheimer & Co. Inc. trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 39,271 shares of the financial services provider’s stock after selling 445 shares during the period. Oppenheimer & Co. Inc.’s holdings in CBRE Group were worth $4,888,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Swedbank AB bought a new position in shares of CBRE Group during the 1st quarter worth approximately $162,576,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after acquiring an additional 993,963 shares during the period. Eminence Capital LP lifted its holdings in shares of CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock valued at $135,287,000 after acquiring an additional 453,406 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of CBRE Group in the 2nd quarter valued at $36,820,000. Finally, Delta Global Management LP grew its holdings in shares of CBRE Group by 266.2% in the 1st quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider’s stock worth $52,877,000 after purchasing an additional 395,297 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Down 2.6 %

NYSE CBRE opened at $132.02 on Friday. The stock has a fifty day moving average of $124.57 and a 200-day moving average of $106.42. The stock has a market capitalization of $40.40 billion, a P/E ratio of 42.45 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $76.63 and a 52 week high of $137.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts forecast that CBRE Group, Inc. will post 4.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CBRE shares. Morgan Stanley assumed coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI lifted their price objective on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Raymond James increased their target price on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

Insider Buying and Selling

In related news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now directly owns 51,244 shares in the company, valued at $5,739,328. The trade was a 17.47 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

About CBRE Group

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.