Sentry Investment Management LLC Has $151,000 Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Sentry Investment Management LLC cut its position in CBRE Group, Inc. (NYSE:CBRE) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,625 shares of the financial services provider’s stock after selling 175 shares during the period. Sentry Investment Management LLC’s holdings in CBRE Group were worth $151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CBRE. Harris Associates L P lifted its stake in shares of CBRE Group by 4.0% in the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock valued at $1,131,677,000 after buying an additional 586,661 shares in the last quarter. FMR LLC increased its holdings in CBRE Group by 3.1% during the 3rd quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after purchasing an additional 288,287 shares in the last quarter. Geode Capital Management LLC increased its holdings in CBRE Group by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock worth $522,405,000 after purchasing an additional 148,971 shares in the last quarter. Invesco Ltd. raised its stake in shares of CBRE Group by 0.4% in the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock worth $523,208,000 after purchasing an additional 28,316 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of CBRE Group by 15.1% in the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after purchasing an additional 894,521 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Raymond James upped their target price 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. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Jefferies Financial Group initiated coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $99.50.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.53% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $85.13 on Thursday. The company has a market capitalization of $26.13 billion, a P/E ratio of 26.85 and a beta of 1.42. The company’s 50-day moving average is $92.45 and its 200 day moving average is $84.70. 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 fifty-two week low of $64.63 and a fifty-two week high of $98.65.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts forecast that CBRE Group, Inc. will post 4.44 earnings per share for the current year.

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.