CBRE Group, Inc. $CBRE Stock Sold by Hahn Capital Management LLC

Hahn Capital Management LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,137 shares of the financial services provider’s stock after selling 3,699 shares during the quarter. CBRE Group accounts for 5.3% of Hahn Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Hahn Capital Management LLC’s holdings in CBRE Group were worth $9,010,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Relyea Zuckerberg Hanson LLC raised its position in shares of CBRE Group by 3.6% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 2,056 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in CBRE Group by 0.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,643 shares of the financial services provider’s stock valued at $1,171,000 after purchasing an additional 76 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of CBRE Group by 2.7% in the 1st quarter. Stephens Inc. AR now owns 3,532 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 92 shares during the last quarter. North Dakota State Investment Board grew its stake in shares of CBRE Group by 1.1% during the third quarter. North Dakota State Investment Board now owns 8,942 shares of the financial services provider’s stock valued at $1,149,000 after buying an additional 101 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in CBRE Group by 2.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,310 shares of the financial services provider’s stock valued at $554,000 after buying an additional 110 shares during the period. 98.41% of the stock is owned by institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad Doellinger sold 228 shares of the business’s stock in a transaction on 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 sale, the insider owned 41,778 shares in the company, valued at $6,195,259.62. The trade was a 0.54% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the transaction, the chief financial officer directly owned 108,479 shares of the company’s stock, valued at $16,086,350.91. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $190.00 to $186.00 in a research report on Tuesday, October 13th. Evercore cut their price objective on CBRE Group from $175.00 to $166.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. The Goldman Sachs Group upped their target price on shares of CBRE Group from $188.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. UBS Group increased their price target on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays lifted their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.78.

CBRE Group Trading Up 4.2%

Shares of CBRE Group stock opened at $141.27 on Thursday. CBRE Group, Inc. has a fifty-two week low of $121.44 and a fifty-two week high of $174.27. The firm has a market cap of $40.71 billion, a PE ratio of 30.25 and a beta of 1.24. The business’s fifty day moving average is $135.54 and its two-hundred day moving average is $141.51. 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 (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.09. The company had revenue of $11.52 billion for the quarter, compared to analyst estimates of $11.81 billion. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. CBRE Group’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. Analysts anticipate that CBRE Group, Inc. will post 7.76 earnings per share for the current year.

CBRE Group Company 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.