M&T Bank Corp Has $5.12 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

M&T Bank Corp lessened its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,122 shares of the financial services provider's stock after selling 2,345 shares during the quarter. M&T Bank Corp's holdings in CBRE Group were worth $5,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in CBRE Group in the 4th quarter valued at $25,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group in the 4th quarter valued at $28,000. Golden State Wealth Management LLC boosted its stake in 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 valued at $32,000 after buying an additional 213 shares in the last quarter. Colonial Trust Co SC boosted its stake in CBRE Group by 183.7% in 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 valued at $37,000 after buying an additional 266 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Trading Up 1.1%

CBRE stock opened at $141.30 on Friday. The company has a market cap of $42.12 billion, a P/E ratio of 43.21 and a beta of 1.30. CBRE Group, Inc. has a twelve month low of $91.19 and a twelve month high of $147.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $131.50 and a 200-day moving average of $131.46.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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. The company had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,497 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $209,580.00. Following the completion of the sale, the chief accounting officer owned 28,211 shares in the company, valued at $3,949,540. The trade was a 5.04% decrease in their ownership of the stock. The transaction 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 CBRE Group stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the sale, the chief financial officer directly owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,031 shares of company stock worth $814,080 over the last 90 days. 0.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CBRE shares. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. UBS Group lifted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Evercore ISI lifted their price objective on CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective 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. Three research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.78.

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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