CBRE Group, Inc. (NYSE:CBRE) Shares Sold by M.D. Sass LLC

M.D. Sass LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 13.1% in the third quarter, HoldingsChannel reports. The firm owned 470,227 shares of the financial services provider’s stock after selling 70,917 shares during the quarter. CBRE Group accounts for 4.3% of M.D. Sass LLC’s portfolio, making the stock its 11th biggest position. M.D. Sass LLC’s holdings in CBRE Group were worth $58,534,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock worth $2,718,000 after buying an additional 23,290 shares during the last quarter. Bayesian Capital Management LP raised its holdings in shares of CBRE Group by 138.8% during the first quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 5,754 shares during the last quarter. Czech National Bank lifted its position in CBRE Group by 9.8% during the second quarter. Czech National Bank now owns 57,473 shares of the financial services provider’s stock valued at $5,121,000 after purchasing an additional 5,125 shares during the period. Comerica Bank boosted its holdings in CBRE Group by 7.4% in the first quarter. Comerica Bank now owns 91,518 shares of the financial services provider’s stock valued at $8,899,000 after purchasing an additional 6,337 shares during the last quarter. Finally, Tidal Investments LLC grew its position in CBRE Group by 188.0% during the 1st quarter. Tidal Investments LLC now owns 16,453 shares of the financial services provider’s stock worth $1,599,000 after purchasing an additional 10,740 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Evercore ISI boosted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.00.

CBRE Group Price Performance

Shares of NYSE:CBRE traded up $1.94 during midday trading on Tuesday, reaching $140.63. 262,547 shares of the company’s stock traded hands, compared to its average volume of 1,679,121. The company has a fifty day simple moving average of $127.21 and a two-hundred day simple moving average of $109.17. CBRE Group, Inc. has a 1 year low of $78.18 and a 1 year high of $141.05. The company has a market cap of $43.04 billion, a P/E ratio of 44.61 and a beta of 1.39. 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 posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Equities analysts predict that CBRE Group, Inc. will post 4.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

CBRE Group 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.