CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 876,332 shares of the financial services provider's stock after selling 45,027 shares during the quarter. Voya Investment Management LLC owned 0.29% of CBRE Group worth $115,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after acquiring an additional 277,922 shares during the last quarter. World Investment Advisors LLC purchased a new stake in CBRE Group in the 3rd quarter worth about $285,000. Wilmington Savings Fund Society FSB bought a new stake in CBRE Group in the third quarter worth about $2,330,000. Tidal Investments LLC boosted its position in shares of CBRE Group by 97.4% during the third quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider's stock valued at $1,281,000 after buying an additional 5,077 shares during the period. Finally, Synovus Financial Corp grew its stake in shares of CBRE Group by 2.9% during the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider's stock valued at $1,437,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBRE. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. decreased their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

CBRE Group Stock Down 0.9 %

CBRE stock traded down $1.12 during trading on Wednesday, hitting $120.63. 313,639 shares of the company's stock traded hands, compared to its average volume of 1,822,553. The firm has a market capitalization of $36.17 billion, a P/E ratio of 38.42 and a beta of 1.26. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $126.80 and a two-hundred day simple moving average of $132.02.

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

Insiders Place Their Bets

In other news, 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 transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.