Impax Asset Management Group plc Sells 33,716 Shares of CBRE Group, Inc. (NYSE:CBRE)

Impax Asset Management Group plc reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 87.2% in the 1st quarter, according to the company in its most recent 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 period. Impax Asset Management Group plc's holdings in CBRE Group were worth $646,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Signaturefd LLC raised its position in shares of CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after acquiring an additional 99 shares in the last quarter. Legacy Advisors LLC raised its position in shares of CBRE Group by 6.4% in the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock worth $234,000 after acquiring an additional 108 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of CBRE Group by 5.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock worth $293,000 after acquiring an additional 108 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of CBRE Group by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,293 shares of the financial services provider's stock worth $695,000 after acquiring an additional 110 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of CBRE Group by 3.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,462 shares of the financial services provider's stock worth $453,000 after acquiring an additional 114 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 0.4%

CBRE stock traded down $0.59 during mid-day trading on Monday, reaching $142.59. 1,128,116 shares of the company traded hands, compared to its average volume of 1,813,375. CBRE Group, Inc. has a fifty-two week low of $87.25 and a fifty-two week high of $147.75. The firm's 50 day moving average price is $130.00 and its 200 day moving average price is $131.17. The stock has a market cap of $42.51 billion, a price-to-earnings ratio of 43.61 and a beta of 1.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company's revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider owned 27,945 shares of the company's stock, valued at $3,522,467.25. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer directly owned 105,371 shares in the company, valued at $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,031 shares of company stock worth $814,080 in the last 90 days. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. 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. UBS Group boosted their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.11.

CBRE Group 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.