Sterling Capital Management LLC lessened its position in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 14.6% in the 1st quarter, Holdings Channel reports. The firm owned 88,876 shares of the financial services provider’s stock after selling 15,249 shares during the period. Sterling Capital Management LLC’s holdings in CBRE Group were worth $12,039,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its position in shares of CBRE Group by 1.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,408 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 59 shares in the last quarter. Community Bank & Trust Waco Texas increased its position in shares of CBRE Group by 0.5% in the 4th quarter. Community Bank & Trust Waco Texas now owns 14,693 shares of the financial services provider’s stock valued at $2,362,000 after buying an additional 70 shares in the last quarter. Centersquare Investment Management LLC raised its stake in CBRE Group by 0.7% during the 4th quarter. Centersquare Investment Management LLC now owns 10,470 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 70 shares during the period. Parallel Advisors LLC raised its stake in CBRE Group by 1.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,773 shares of the financial services provider’s stock worth $594,000 after buying an additional 71 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its holdings in CBRE Group by 16.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 505 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 71 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.
CBRE Group Stock Performance
CBRE opened at $137.38 on Friday. The company has a market capitalization of $40.23 billion, a price-to-earnings ratio of 31.29 and a beta of 1.21. The business’s 50-day moving average price is $136.80 and its two-hundred day moving average price is $147.06. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08.
Analyst Ratings Changes
A number of research firms have issued reports on CBRE. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Evercore reaffirmed an “outperform” rating and set a $179.00 price target on shares of CBRE Group in a research report on Friday, April 24th. Barclays lifted their price objective on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $180.29.
Read Our Latest Research Report on CBRE
Insider Buying and Selling
In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.
CBRE Group Company Profile
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
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