32,076 CBRE Group, Inc. $CBRE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in CBRE Group, Inc. (NYSE:CBRE) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 611,783 shares of the financial services provider’s stock after selling 32,076 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CBRE Group were worth $78,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CBRE. Principal Financial Group Inc. lifted its holdings in CBRE Group by 3.2% during the first quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock worth $1,337,051,000 after buying an additional 302,426 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CBRE Group by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,896,802 shares of the financial services provider’s stock valued at $392,368,000 after buying an additional 159,482 shares during the last quarter. Swedbank AB lifted its position in shares of CBRE Group by 119.6% during the first quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock valued at $348,306,000 after buying an additional 1,400,452 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of CBRE Group by 8.7% in the 1st quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider’s stock valued at $295,494,000 after buying an additional 175,344 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of CBRE Group by 52.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,930,992 shares of the financial services provider’s stock worth $248,075,000 after buying an additional 662,421 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 228 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the transaction, the insider directly owned 41,778 shares of the company’s stock, valued at $6,195,259.62. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma Giamartino sold 2,250 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the sale, the chief financial officer directly owned 108,479 shares in the company, valued at approximately $16,086,350.91. This represents a 2.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CBRE shares. Barclays upped their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Jefferies Financial Group lowered their target price on CBRE Group from $180.00 to $164.00 in a research note on Monday, October 12th. Evercore dropped their price objective on shares of CBRE Group from $175.00 to $166.00 and set an “outperform” rating on the stock in a research note on Monday, September 28th. Finally, UBS Group lifted their target price on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $182.78.

CBRE Group Price Performance

NYSE:CBRE opened at $135.43 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. CBRE Group, Inc. has a 52 week low of $121.44 and a 52 week high of $174.27. The stock’s 50-day moving average price is $135.75 and its 200-day moving average price is $141.66. The stock has a market capitalization of $39.03 billion, a PE ratio of 17.20 and a beta of 1.24.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.09. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The company had revenue of $11.52 billion for the quarter, compared to analysts’ expectations of $11.81 billion. During the same period in the previous year, the firm posted $1.61 EPS. CBRE Group’s revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts expect that CBRE Group, Inc. will post 7.76 EPS for the current fiscal year.

CBRE Group Profile

CBRE Group, Inc (NYSE:CBRE) is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.

Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.