Marshall Wace LLP Trims Position in CBRE Group, Inc. (NYSE:CBRE)

Marshall Wace LLP cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 26.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,010 shares of the financial services provider’s stock after selling 26,880 shares during the period. Marshall Wace LLP’s holdings in CBRE Group were worth $6,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gilbert & Cook Inc. raised its position in shares of CBRE Group by 5.6% in the fourth quarter. Gilbert & Cook Inc. now owns 6,081 shares of the financial services provider’s stock worth $566,000 after buying an additional 322 shares in the last quarter. Gryphon Financial Partners LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $240,000. TD Asset Management Inc boosted its position in shares of CBRE Group by 4.8% during the 4th quarter. TD Asset Management Inc now owns 101,244 shares of the financial services provider’s stock valued at $9,425,000 after acquiring an additional 4,599 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of CBRE Group by 14.7% during the fourth quarter. Stifel Financial Corp now owns 51,190 shares of the financial services provider’s stock worth $4,765,000 after purchasing an additional 6,561 shares in the last quarter. Finally, Evoke Wealth LLC bought a new position in shares of CBRE Group in the fourth quarter worth approximately $401,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the sale, the chief operating officer now owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock worth $3,058,787 in the last three months. 0.54% of the stock is owned by insiders.

CBRE Group Stock Up 1.1 %

Shares of NYSE:CBRE opened at $124.50 on Tuesday. The stock has a market capitalization of $38.20 billion, a P/E ratio of 38.78 and a beta of 1.40. The stock’s 50-day moving average price is $114.11 and its 200-day moving average price is $98.58. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $124.84.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same period last year, the company earned $0.82 EPS. CBRE Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBRE. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. 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 research report on Thursday, July 25th. UBS Group cut their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Finally, Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $100.00 to $123.00 in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $112.33.

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.