Mn Services Vermogensbeheer B.V. Cuts Stake in CBRE Group, Inc. (NYSE:CBRE)

Mn Services Vermogensbeheer B.V. trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 147,388 shares of the financial services provider’s stock after selling 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in CBRE Group were worth $13,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quilter Plc bought a new stake in shares of CBRE Group during the first quarter valued at approximately $347,550,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CBRE Group in the 4th quarter worth $45,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in shares of CBRE Group by 57.4% in the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 182 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in shares of CBRE Group during the 4th quarter valued at approximately $48,000. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Finally, Raymond James lifted their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $99.50.

Insider Activity

In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock worth $3,675,752 over the last three months. Insiders own 0.53% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $89.39 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a fifty day moving average of $92.33 and a 200 day moving average of $84.52. The firm has a market cap of $27.33 billion, a PE ratio of 28.20 and a beta of 1.42. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. As a group, research analysts predict that CBRE Group, Inc. will post 4.44 EPS for the current fiscal year.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; 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.