CBRE Group, Inc. $CBRE Stake Lessened by Third View Private Wealth LLC

Third View Private Wealth LLC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 41.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,177 shares of the financial services provider’s stock after selling 5,696 shares during the quarter. Third View Private Wealth LLC’s holdings in CBRE Group were worth $1,050,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in CBRE Group by 3.2% in the first quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock valued at $1,337,051,000 after buying an additional 302,426 shares during the period. Dimensional Fund Advisors LP grew its stake in 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 worth $392,368,000 after buying an additional 159,482 shares during the period. Swedbank AB increased its position in shares of CBRE Group by 119.6% in the first quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock worth $348,306,000 after acquiring an additional 1,400,452 shares in the last quarter. Sei Investments Co. increased its position in shares of CBRE Group by 8.7% in the first quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider’s stock worth $295,494,000 after acquiring an additional 175,344 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake 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 valued at $248,075,000 after acquiring an additional 662,421 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 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 value of $333,652.50. Following the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of the company’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 $33,810.12. Following the completion of the transaction, the insider directly owned 41,778 shares of the company’s stock, valued at approximately $6,195,259.62. The trade was a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

CBRE Group Trading Down 1.0%

CBRE opened at $135.43 on Wednesday. The firm has a market capitalization of $39.03 billion, a P/E ratio of 29.00 and a beta of 1.24. The firm’s 50 day moving average is $135.75 and its 200-day moving average is $141.66. CBRE Group, Inc. has a 52-week low of $121.44 and a 52-week high of $174.27. 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 earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.09. The business had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.81 billion. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. Analysts expect that CBRE Group, Inc. will post 7.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Barclays raised their price objective on CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Weiss Ratings restated a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. decreased their target price on CBRE Group from $190.00 to $186.00 in a research report on Tuesday, October 13th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $182.78.

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.