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

Mutual of America Capital Management LLC cut its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quilter Plc acquired a new stake in CBRE Group during the first quarter worth about $347,550,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $45,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of CBRE Group by 57.4% in the first quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock valued at $36,000 after buying an additional 182 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $48,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent research reports. Raymond James increased their target price on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Evercore ISI increased their target price on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Finally, 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 research note on Friday, February 16th. Five investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $99.50.

Insiders Place Their Bets

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the 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 of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm’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 directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 in the last quarter. Insiders own 0.53% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $85.50 on Wednesday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The business has a 50 day moving average price of $92.43 and a two-hundred day moving average price of $84.70. 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 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 issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the firm earned $1.33 EPS. CBRE Group’s quarterly revenue was up 9.2% on a year-over-year basis. Sell-side analysts expect that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

CBRE Group 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.