Los Angeles Capital Management LLC Has $42.36 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Los Angeles Capital Management LLC lessened its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 69.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,911 shares of the financial services provider's stock after selling 736,049 shares during the period. Los Angeles Capital Management LLC owned 0.11% of CBRE Group worth $42,361,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CBRE. Sowell Financial Services LLC acquired a new stake in CBRE Group during the 1st quarter worth $256,000. Cambridge Investment Research Advisors Inc. grew its holdings in CBRE Group by 21.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after acquiring an additional 1,310 shares during the period. USA Financial Formulas acquired a new stake in CBRE Group during the 1st quarter worth $1,101,000. Golden State Wealth Management LLC grew its holdings in 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 worth $32,000 after acquiring an additional 213 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in CBRE Group by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after acquiring an additional 368,214 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Trading Up 0.5%

CBRE opened at $139.47 on Friday. CBRE Group, Inc. has a 1-year low of $96.38 and a 1-year high of $147.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market cap of $41.58 billion, a P/E ratio of 42.65 and a beta of 1.30. The company has a fifty day moving average price of $133.13 and a two-hundred day moving average price of $131.79.

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

Insider Buying and Selling at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm'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 owned 105,371 shares in the company, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,031 shares of company stock worth $814,080 over the last three months. 0.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CBRE. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. 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 report on Wednesday, July 2nd. Finally, Evercore ISI increased their price target on shares of CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $152.78.

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.

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.