Gulf International Bank UK Ltd Decreases Holdings in CBRE Group, Inc. $CBRE

Key Points

• Gulf International Bank UK Ltd has reduced its holdings in CBRE Group, Inc. by 26.5%, owning 17,866 shares worth approximately $2.34 million after selling 6,454 shares in the first quarter.
• Institutional investors hold 98.41% of CBRE Group's stock, with numerous hedge funds recently increasing or establishing stakes in the company.
• CBRE Group reported earnings of $1.19 per share, exceeding expectations, with a revenue of $9.75 billion for the last quarter, indicating strong financial performance amidst a volatile market.

Gulf International Bank UK Ltd lessened its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 26.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,866 shares of the financial services provider's stock after selling 6,454 shares during the quarter. Gulf International Bank UK Ltd's holdings in CBRE Group were worth $2,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV bought a new position in shares of CBRE Group in the fourth quarter worth $28,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group in the first quarter worth $28,000. Golden State Wealth Management LLC increased its position in shares of CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after purchasing an additional 213 shares during the period. Colonial Trust Co SC increased its position in shares of 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. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CBRE. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group raised their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Raymond James Financial raised their price objective on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Morgan Stanley reissued an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Keefe, Bruyette & Woods upped their target price on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $158.00.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,926 shares of company stock worth $1,338,073. Corporate insiders own 0.42% of the company's stock.

CBRE Group Trading Down 0.6%

CBRE Group stock traded down $1.02 during mid-day trading on Monday, hitting $157.91. 1,059,963 shares of the stock were exchanged, compared to its average volume of 1,815,344. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $161.03. The firm's fifty day simple moving average is $143.77 and its two-hundred day simple moving average is $134.31. The stock has a market capitalization of $46.99 billion, a price-to-earnings ratio of 44.23 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. Analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.