Robeco Institutional Asset Management B.V. Sells 206,375 Shares of CBRE Group, Inc. (NYSE:CBRE)

Robeco Institutional Asset Management B.V. lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,777,492 shares of the financial services provider’s stock after selling 206,375 shares during the period. CBRE Group comprises about 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 27th largest position. Robeco Institutional Asset Management B.V.’s holdings in CBRE Group were worth $363,240,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group in the 4th quarter worth approximately $28,000. Golden State Wealth Management LLC increased its position in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after buying an additional 213 shares in the last quarter. Colonial Trust Co SC raised its stake in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after buying an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock valued at $37,000 after buying an additional 266 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 2.7%

CBRE opened at $135.39 on Thursday. The stock has a market cap of $40.36 billion, a price-to-earnings ratio of 41.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s fifty day moving average is $126.94 and its 200 day moving average is $130.94. CBRE Group, Inc. has a fifty-two week low of $85.74 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CBRE shares. Morgan Stanley restated an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group cut their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.33.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the transaction, the insider now owns 27,945 shares of the company’s stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now owns 105,371 shares of the company’s stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,599 shares of company stock valued at $333,600. Corporate insiders own 0.42% of the company’s stock.

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.