Cwm LLC Sells 337 Shares of CBRE Group, Inc. (NYSE:CBRE)

Cwm LLC lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,002 shares of the financial services provider’s stock after selling 337 shares during the quarter. Cwm LLC’s holdings in CBRE Group were worth $931,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Harris Associates L P lifted its position in CBRE Group by 4.0% in the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock valued at $1,131,677,000 after purchasing an additional 586,661 shares during the last quarter. FMR LLC increased its stake in shares of CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after buying an additional 288,287 shares during the period. Invesco Ltd. raised its holdings in CBRE Group by 0.4% during the 3rd quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock valued at $523,208,000 after buying an additional 28,316 shares during the last quarter. Principal Financial Group Inc. boosted its position in 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 valued at $503,786,000 after buying an additional 894,521 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in CBRE Group by 0.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,868,834 shares of the financial services provider’s stock worth $546,330,000 after acquiring an additional 44,648 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 0.4 %

CBRE stock opened at $87.33 on Monday. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 27.55 and a beta of 1.42. 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 business’s 50 day moving average price is $92.13 and its two-hundred day moving average price is $85.47. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. The company had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. As a group, analysts forecast that CBRE Group, Inc. will post 4.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Raymond James increased their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods upped their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Finally, Evercore ISI lifted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.50.

Insider Buying and Selling

In related news, CEO Chandra Dhandapani sold 11,925 shares of the business’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 sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated Monday, March 11th. The stock was 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 owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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. Insiders sold a total of 39,592 shares of company stock worth $3,675,752 in the last three months. 0.54% of the stock is owned by corporate insiders.

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.