CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,818 shares of the financial services provider’s stock after selling 2,563 shares during the period. Mutual of America Capital Management LLC’s holdings in CBRE Group were worth $3,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quilter Plc purchased a new position in shares of CBRE Group during the 1st quarter valued at approximately $347,550,000. Turtle Creek Wealth Advisors LLC purchased a new position in CBRE Group in the 4th quarter valued at $45,000. Cary Street Partners Investment Advisory LLC lifted its holdings in CBRE Group by 190.6% in 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 purchasing an additional 326 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in 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 in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in CBRE Group in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CBRE shares. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods raised their price objective on 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 raised their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Raymond James raised their price objective 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CBRE Group currently has a consensus rating of “Hold” and an average target price of $99.50.

CBRE Group Stock Down 1.7 %

NYSE CBRE opened at $85.50 on Wednesday. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $92.43 and its 200-day simple moving average is $84.70. The firm has a market cap of $26.14 billion, a PE ratio of 26.97 and a beta of 1.42.

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

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,592 shares of company stock valued at $3,675,752. 0.53% of the stock is currently owned by insiders.

CBRE Group Company Profile

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.