CBRE Group, Inc. (NYSE:CBRE) Shares Sold by MAI Capital Management

MAI Capital Management lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 107,638 shares of the financial services provider’s stock after selling 451 shares during the quarter. MAI Capital Management’s holdings in CBRE Group were worth $13,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRE. Janney Montgomery Scott LLC purchased a new position in shares of CBRE Group in the first quarter worth $336,000. Intech Investment Management LLC increased its position in shares of CBRE Group by 232.4% in the 1st quarter. Intech Investment Management LLC now owns 13,961 shares of the financial services provider’s stock valued at $1,358,000 after acquiring an additional 9,761 shares during the period. O Shaughnessy Asset Management LLC raised its stake in CBRE Group by 14.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,132 shares of the financial services provider’s stock worth $2,055,000 after acquiring an additional 2,673 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in CBRE Group by 112.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 5,181 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 2,747 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its stake in CBRE Group by 0.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 336,984 shares of the financial services provider’s stock valued at $32,802,000 after purchasing an additional 2,133 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 1.9 %

CBRE stock opened at $132.67 on Tuesday. The firm’s fifty day moving average is $125.61 and its 200 day moving average is $107.50. The firm has a market cap of $40.60 billion, a PE ratio of 42.66 and a beta of 1.39. CBRE Group, Inc. has a one year low of $76.63 and a one year 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 results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. On average, research analysts forecast that CBRE Group, Inc. will post 4.94 EPS for the current year.

Insider Transactions at CBRE Group

In other 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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CBRE shares. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Evercore ISI raised their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley initiated coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $116.83.

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.