Cooke & Bieler LP Sells 10,229 Shares of CBRE Group, Inc. (NYSE:CBRE)

Cooke & Bieler LP lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 853,492 shares of the financial services provider's stock after selling 10,229 shares during the quarter. Cooke & Bieler LP owned approximately 0.29% of CBRE Group worth $111,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new stake in shares of CBRE Group during the 4th quarter valued at about $28,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC lifted its holdings in shares of CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after buying an additional 213 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after buying an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Price Performance

CBRE Group stock traded up $0.70 on Friday, reaching $139.47. The company's stock had a trading volume of 995,865 shares, compared to its average volume of 1,808,733. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $41.58 billion, a price-to-earnings ratio of 42.65 and a beta of 1.30. The business's fifty day moving average price is $132.87 and its 200 day moving average price is $131.73. CBRE Group, Inc. has a twelve month low of $96.38 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly 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 return on equity of 17.37% and a net margin of 2.74%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CBRE. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group boosted their target price on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Evercore ISI upped their price target on CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Three 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $152.78.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the 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 completion of the sale, the chief accounting officer owned 20,131 shares of the company's stock, valued at $2,818,340. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,031 shares of company stock valued at $814,080 over the last 90 days. 0.42% of the stock is owned by company 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.