Segall Bryant & Hamill LLC Has $11.47 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Segall Bryant & Hamill LLC trimmed its position in CBRE Group, Inc. (NYSE:CBRE) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 92,129 shares of the financial services provider’s stock after selling 1,033 shares during the period. Segall Bryant & Hamill LLC’s holdings in CBRE Group were worth $11,468,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CBRE. Lindbrook Capital LLC grew its position in CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 79 shares in the last quarter. Stephens Inc. AR raised its position in CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC lifted its stake in CBRE Group by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 82 shares in the last quarter. Private Advisor Group LLC boosted its position in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after acquiring an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas grew its stake in CBRE Group by 0.6% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after acquiring an additional 93 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Stock Down 0.3 %

CBRE Group stock opened at $131.78 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 1-year low of $76.63 and a 1-year high of $137.93. The firm’s fifty day simple moving average is $126.21 and its 200-day simple moving average is $107.99. The company has a market capitalization of $40.33 billion, a P/E ratio of 42.37 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last posted its 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 company had revenue of $9.04 billion for 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%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. Sell-side analysts forecast that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.