CBRE Group, Inc. (NYSE:CBRE) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its position in CBRE Group, Inc. (NYSE:CBRE) by 69.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,614 shares of the financial services provider’s stock after selling 8,202 shares during the period. AGF Management Ltd.’s holdings in CBRE Group were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Miller Financial Services LLC acquired a new stake in CBRE Group in the 4th quarter worth about $580,000. King Luther Capital Management Corp lifted its stake in CBRE Group by 46.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,644 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 840 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in CBRE Group by 19.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 3,327 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 534 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in CBRE Group by 9.2% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,094 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 177 shares in the last quarter. Finally, Independent Advisor Alliance lifted its stake in CBRE Group by 34.9% in the 4th quarter. Independent Advisor Alliance now owns 2,217 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 574 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Up 3.1 %

CBRE Group stock opened at $125.53 on Friday. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm has a 50 day moving average price of $137.35 and a 200 day moving average price of $131.17. The company has a market capitalization of $37.66 billion, a PE ratio of 39.98 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Morgan Stanley lifted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Three equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

Insiders Place Their Bets

In other CBRE Group 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 value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

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.