Man Group plc Has $93.58 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Man Group plc cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 712,770 shares of the financial services provider's stock after selling 614,139 shares during the period. Man Group plc owned approximately 0.23% of CBRE Group worth $93,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in CBRE Group in the fourth quarter worth approximately $25,000. Denver PWM LLC acquired a new stake in CBRE Group in the fourth quarter worth approximately $29,000. Colonial Trust Co SC lifted its position in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares during the period. Larson Financial Group LLC lifted its position in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after purchasing an additional 238 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the company'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 transaction, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,424 shares of company stock valued at $431,064 in the last three months. 0.42% of the stock is currently owned by company insiders.

CBRE Group Stock Up 1.0%

NYSE:CBRE traded up $1.31 during trading hours on Friday, hitting $131.58. 1,341,461 shares of the stock traded hands, compared to its average volume of 1,808,962. The firm has a 50 day moving average price of $124.42 and a 200 day moving average price of $132.05. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm has a market cap of $39.22 billion, a price-to-earnings ratio of 41.90 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the previous year, the business earned $0.78 EPS. The company's revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group cut their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Morgan Stanley dropped their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

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.