Mutual of America Capital Management LLC reduced its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,711 shares of the financial services provider's stock after selling 1,660 shares during the quarter. Mutual of America Capital Management LLC's holdings in CBRE Group were worth $5,586,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Valeo Financial Advisors LLC lifted its holdings in CBRE Group by 4.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock worth $290,000 after purchasing an additional 85 shares in the last quarter. Beverly Hills Private Wealth LLC raised its stake in CBRE Group by 1.9% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after buying an additional 93 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of CBRE Group by 1.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock worth $1,064,000 after purchasing an additional 102 shares in the last quarter. Legacy Advisors LLC grew its holdings in shares of CBRE Group by 6.4% in the first 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 during the period. Finally, Aaron Wealth Advisors LLC grew its holdings in CBRE Group by 5.1% during the first quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 108 shares during the period. Institutional investors own 98.41% of the company's stock.
Insider Buying and Selling at CBRE Group
In related news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer owned 105,371 shares of the company's stock, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,898 shares of company stock worth $1,122,558. Company insiders own 0.42% of the company's stock.
CBRE Group Trading Up 0.7%
NYSE CBRE traded up $1.14 on Friday, hitting $155.50. 990,315 shares of the stock were exchanged, compared to its average volume of 1,746,201. The company has a market capitalization of $46.27 billion, a price-to-earnings ratio of 43.56 and a beta of 1.34. CBRE Group, Inc. has a 52-week low of $107.54 and a 52-week high of $161.03. The company's 50-day moving average price is $140.69 and its two-hundred day moving average price is $133.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.
CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. Research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.
Analyst Ratings Changes
Several brokerages have recently issued reports on CBRE. Raymond James Financial upped their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. UBS Group raised their price objective on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Evercore ISI lifted their price objective on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $158.00.
Check Out Our Latest Report on CBRE Group
About CBRE Group
(
Free Report)
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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