CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 21.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,570,179 shares of the financial services provider’s stock after selling 424,660 shares during the quarter. Cooke & Bieler LP owned 0.52% of CBRE Group worth $146,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harris Associates L P boosted its position in shares of CBRE Group by 4.0% during the 3rd quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock worth $1,131,677,000 after acquiring an additional 586,661 shares in the last quarter. FMR LLC boosted its position in shares of CBRE Group by 3.1% during the 3rd quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after acquiring an additional 288,287 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CBRE Group by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock worth $522,405,000 after acquiring an additional 148,971 shares in the last quarter. Invesco Ltd. boosted its position in shares of CBRE Group by 0.4% during the 3rd quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock worth $523,208,000 after acquiring an additional 28,316 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of CBRE Group by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock worth $503,786,000 after acquiring an additional 894,521 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CBRE shares. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Jefferies Financial Group initiated coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Raymond James boosted their target price on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Finally, StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $99.50.

CBRE Group Stock Down 0.3 %

CBRE opened at $84.90 on Friday. The business has a 50 day moving average price of $92.40 and a two-hundred day moving average price of $84.88. 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 company has a market cap of $26.06 billion, a PE ratio of 26.78 and a beta of 1.42. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The company had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, research analysts anticipate that CBRE Group, Inc. will post 4.44 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,592 shares of company stock worth $3,675,752. Company insiders own 0.53% of the company’s stock.

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.