Cramer Rosenthal Mcglynn LLC Sells 4,643 Shares of CBRE Group, Inc. (NYSE:CBRE)

Cramer Rosenthal Mcglynn LLC lessened its holdings in CBRE Group, Inc. (NYSE:CBRE) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,790 shares of the financial services provider’s stock after selling 4,643 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in CBRE Group were worth $15,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its stake in CBRE Group by 6.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 314,594 shares of the financial services provider’s stock worth $41,275,000 after buying an additional 19,017 shares during the period. Canada Pension Plan Investment Board grew its stake in CBRE Group by 16.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,304,875 shares of the financial services provider’s stock worth $171,317,000 after acquiring an additional 181,238 shares in the last quarter. United Capital Financial Advisors LLC increased its position in shares of CBRE Group by 1.9% during the fourth quarter. United Capital Financial Advisors LLC now owns 9,680 shares of the financial services provider’s stock worth $1,271,000 after acquiring an additional 184 shares during the period. Guggenheim Capital LLC raised its stake in shares of CBRE Group by 62.6% during the fourth quarter. Guggenheim Capital LLC now owns 10,757 shares of the financial services provider’s stock valued at $1,412,000 after acquiring an additional 4,141 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of CBRE Group in the fourth quarter valued at approximately $612,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.2 %

NYSE CBRE opened at $117.45 on Friday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a 50 day moving average price of $130.45 and a 200 day moving average price of $132.04. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market cap of $35.22 billion, a PE ratio of 37.41 and a beta of 1.26.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CBRE shares. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their target price on shares of CBRE Group from $145.00 to $129.00 and set a “market perform” rating on the stock in a report on Thursday. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.56.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

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.