Redwood Investment Management LLC Sells 183 Shares of CBRE Group, Inc. (NYSE:CBRE)

Redwood Investment Management LLC cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.7% during the first quarter, Holdings Channel reports. The institutional investor owned 6,583 shares of the financial services provider’s stock after selling 183 shares during the quarter. Redwood Investment Management LLC’s holdings in CBRE Group were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CBRE. Crewe Advisors LLC purchased a new stake in CBRE Group during the 1st quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group during the fourth quarter worth $45,000. EdgeRock Capital LLC bought a new stake in shares of CBRE Group during the fourth quarter worth $59,000. Spartan Planning & Wealth Management bought a new stake in shares of CBRE Group during the fourth quarter worth $78,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of CBRE Group by 75.9% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 897 shares of the financial services provider’s stock valued at $84,000 after buying an additional 387 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, CAO Lindsey S. Caplan sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. UBS Group decreased their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. Finally, Raymond James raised their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Five 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 company’s stock. Based on data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $110.29.

CBRE Group Trading Up 0.3 %

Shares of CBRE stock traded up $0.30 on Thursday, hitting $113.01. The stock had a trading volume of 207,305 shares, compared to its average volume of 1,676,910. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $114.51. The firm has a market cap of $34.63 billion, a P/E ratio of 35.07 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $91.89 and a two-hundred day moving average price of $90.60.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion for the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. CBRE Group’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. As a group, analysts forecast that CBRE Group, Inc. will post 4.83 earnings per share for the current fiscal year.

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.