Exencial Wealth Advisors LLC Sells 2,970 Shares of CBRE Group Inc (CBRE)

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Exencial Wealth Advisors LLC cut its position in CBRE Group Inc (NYSE:CBRE) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 86,364 shares of the financial services provider’s stock after selling 2,970 shares during the period. Exencial Wealth Advisors LLC’s holdings in CBRE Group were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CBRE Group in the 1st quarter valued at $1,662,000. Great West Life Assurance Co. Can raised its holdings in CBRE Group by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 423,449 shares of the financial services provider’s stock valued at $20,888,000 after acquiring an additional 1,205 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in CBRE Group by 44.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,678 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 2,998 shares in the last quarter. US Bancorp DE raised its holdings in CBRE Group by 2.7% in the 1st quarter. US Bancorp DE now owns 65,600 shares of the financial services provider’s stock valued at $3,244,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Kendall Capital Management raised its holdings in CBRE Group by 7.0% in the 1st quarter. Kendall Capital Management now owns 19,610 shares of the financial services provider’s stock valued at $970,000 after acquiring an additional 1,290 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

A number of research firms have recently commented on CBRE. Zacks Investment Research raised CBRE Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. William Blair reissued an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. JMP Securities reissued a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Finally, Bank of America set a $54.00 price target on CBRE Group and gave the stock a “hold” rating in a report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.33.

In related news, insider Dara Bazzano sold 1,252 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $47.51, for a total transaction of $59,482.52. Following the sale, the insider now owns 21,246 shares in the company, valued at approximately $1,009,397.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider J. Christopher Kirk sold 17,900 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.53, for a total value of $904,487.00. Following the sale, the insider now owns 151,499 shares in the company, valued at approximately $7,655,244.47. The disclosure for this sale can be found here. Insiders have sold a total of 6,869,706 shares of company stock worth $340,344,785 in the last 90 days. 0.74% of the stock is currently owned by corporate insiders.

CBRE Group stock opened at $47.30 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.52. CBRE Group Inc has a 52 week low of $37.45 and a 52 week high of $52.41. The firm has a market cap of $15.91 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.19 and a beta of 1.71.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.20. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. CBRE Group’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, research analysts forecast that CBRE Group Inc will post 3.61 EPS for the current year.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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