CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Vulcan Value Partners LLC

Key Points

• Vulcan Value Partners LLC reduced its stake in CBRE Group, Inc. by 22.6%, making it the firm's 10th largest holding, representing approximately 3.9% of its investment portfolio.
• CBRE Group reported a quarterly EPS of $1.19, exceeding analysts' expectations of $1.05, and had revenues of $9.75 billion, surpassing estimates by $250 million.
• Insiders sold a total of 8,031 shares valued at $1,139,304 in the past three months, with only 0.42% of the stock currently owned by company insiders.

Vulcan Value Partners LLC decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 22.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,572,823 shares of the financial services provider's stock after selling 460,505 shares during the period. CBRE Group accounts for about 3.9% of Vulcan Value Partners LLC's portfolio, making the stock its 10th biggest holding. Vulcan Value Partners LLC owned approximately 0.53% of CBRE Group worth $205,702,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its position in CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after purchasing an additional 2,680,337 shares during the period. GAMMA Investing LLC raised its holdings in shares of CBRE Group by 20,889.0% in the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after buying an additional 1,285,300 shares during the period. Bessemer Group Inc. increased its holdings in CBRE Group by 8,046.9% during the 4th quarter. Bessemer Group Inc. now owns 1,140,315 shares of the financial services provider's stock worth $149,710,000 after purchasing an additional 1,126,318 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in CBRE Group by 85.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock worth $281,984,000 after purchasing an additional 991,354 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in CBRE Group by 212.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after purchasing an additional 741,477 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Down 1.2%

Shares of CBRE Group stock traded down $1.85 during trading hours on Friday, reaching $153.89. 1,831,747 shares of the company were exchanged, compared to its average volume of 1,568,696. CBRE Group, Inc. has a 1 year low of $105.17 and a 1 year high of $161.03. The stock's fifty day moving average is $137.49 and its 200 day moving average is $133.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.13. The firm has a market cap of $45.79 billion, a PE ratio of 43.11 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The company had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Evercore ISI raised their target price on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research note on Wednesday. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. UBS Group lifted their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the transaction, the chief financial officer owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the transaction, the chief accounting officer directly owned 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,031 shares of company stock worth $1,139,304. Corporate insiders own 0.42% 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.