CBRE Group Inc (CBRE) Holdings Trimmed by Emory University

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Emory University decreased its position in CBRE Group Inc (NYSE:CBRE) by 11.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,566 shares of the financial services provider’s stock after selling 4,966 shares during the period. Emory University’s holdings in CBRE Group were worth $1,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in CBRE Group by 7.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 467,585 shares of the financial services provider’s stock valued at $18,722,000 after buying an additional 32,532 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of CBRE Group by 1.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 54,083 shares of the financial services provider’s stock valued at $2,165,000 after purchasing an additional 786 shares during the period. Legal & General Group Plc grew its position in shares of CBRE Group by 7.0% in the fourth quarter. Legal & General Group Plc now owns 1,765,484 shares of the financial services provider’s stock valued at $70,684,000 after purchasing an additional 114,884 shares during the period. Greenleaf Trust acquired a new stake in shares of CBRE Group in the first quarter valued at about $258,000. Finally, National Pension Service grew its position in shares of CBRE Group by 10.4% in the fourth quarter. National Pension Service now owns 408,637 shares of the financial services provider’s stock valued at $20,219,000 after purchasing an additional 38,659 shares during the period. 93.09% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on CBRE. JMP Securities reiterated a “hold” rating on shares of CBRE Group in a research report on Monday, March 11th. Bank of America set a $54.00 target price on shares of CBRE Group and gave the company a “hold” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, February 19th. Finally, William Blair reiterated an “outperform” rating on shares of CBRE Group in a research report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $56.33.

In other news, Director Curtis F. Feeny sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $47.25, for a total value of $189,000.00. Following the sale, the director now directly owns 8,444 shares of the company’s stock, valued at approximately $398,979. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James R. Groch sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $52.00, for a total transaction of $2,600,000.00. Following the completion of the sale, the chief financial officer now directly owns 454,918 shares in the company, valued at $23,655,736. The disclosure for this sale can be found here. Insiders have sold 6,874,220 shares of company stock worth $340,558,298 over the last ninety days. 0.74% of the stock is owned by insiders.

Shares of CBRE stock opened at $48.11 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52. CBRE Group Inc has a 12 month low of $37.45 and a 12 month high of $52.41. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.21 and a beta of 1.71.

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

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About CBRE Group

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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