Impax Asset Management Group plc Has $646,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Impax Asset Management Group plc cut its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 87.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,937 shares of the financial services provider's stock after selling 33,716 shares during the quarter. Impax Asset Management Group plc's holdings in CBRE Group were worth $646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in CBRE Group during the 4th quarter valued at $25,000. Investment Management Corp VA ADV bought a new stake in CBRE Group in the 4th quarter valued at $28,000. Golden State Wealth Management LLC grew its holdings in shares of CBRE Group by 687.1% in the 1st 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 last quarter. Colonial Trust Co SC grew its holdings in shares of CBRE Group by 183.7% in the 4th 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of CBRE Group by 1,400.0% in the 1st 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 last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider owned 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,497 shares of CBRE Group stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $209,580.00. Following the sale, the chief accounting officer directly owned 28,211 shares of the company's stock, valued at $3,949,540. This represents a 5.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock valued at $814,080 in the last quarter. 0.42% of the stock is currently owned by insiders.

CBRE Group Trading Down 0.0%

Shares of CBRE Group stock opened at $142.45 on Monday. The business has a fifty day simple moving average of $130.00 and a two-hundred day simple moving average of $131.17. CBRE Group, Inc. has a 1 year low of $87.25 and a 1 year high of $147.75. The company has a market capitalization of $42.47 billion, a price-to-earnings ratio of 43.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

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 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 during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the firm posted $0.78 EPS. The company's quarterly revenue was up 12.3% on a year-over-year basis. Research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. UBS Group increased their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $152.11.

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.

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