CBRE Group, Inc. (NYSE:CBRE) Stake Reduced by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,788 shares of the financial services provider’s stock after selling 1,684 shares during the quarter. Baird Financial Group Inc.’s holdings in CBRE Group were worth $4,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in CBRE Group during the 4th quarter valued at about $514,609,000. Artisan Partners Limited Partnership boosted its position in shares of CBRE Group by 290.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after buying an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in CBRE Group in the 4th quarter worth approximately $190,695,000. Manning & Napier Advisors LLC acquired a new stake in CBRE Group in the 4th quarter valued at approximately $175,978,000. Finally, Massachusetts Financial Services Co. MA raised its stake in CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock valued at $161,876,000 after acquiring an additional 1,222,558 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CBRE shares. UBS Group lowered their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.22.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,424 shares of company stock valued at $431,064 in the last three months. 0.42% of the stock is currently owned by company insiders.

CBRE Group Trading Up 0.9 %

Shares of NYSE CBRE opened at $126.67 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a market cap of $37.76 billion, a price-to-earnings ratio of 40.34 and a beta of 1.30. The business has a fifty day simple moving average of $124.49 and a 200-day simple moving average of $132.03.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.