Olstein Capital Management L.P. Has $5.89 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Olstein Capital Management L.P. reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 23.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the financial services provider's stock after selling 14,000 shares during the quarter. Olstein Capital Management L.P.'s holdings in CBRE Group were worth $5,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC acquired a new stake in CBRE Group during the 1st quarter valued at $559,000. OLD National Bancorp IN boosted its holdings in shares of CBRE Group by 29.4% during the first quarter. OLD National Bancorp IN now owns 2,270 shares of the financial services provider's stock worth $297,000 after acquiring an additional 516 shares during the period. Wedmont Private Capital grew its position in shares of CBRE Group by 7.6% in the first quarter. Wedmont Private Capital now owns 4,031 shares of the financial services provider's stock valued at $527,000 after purchasing an additional 284 shares during the last quarter. CMC Financial Group bought a new position in shares of CBRE Group during the first quarter worth approximately $282,000. Finally, Gateway Investment Advisers LLC bought a new stake in shares of CBRE Group in the first quarter valued at about $625,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Up 0.8%

CBRE opened at $128.64 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $147.75. The firm has a market capitalization of $38.35 billion, a price-to-earnings ratio of 40.97 and a beta of 1.29. The company's 50 day moving average price is $123.04 and its two-hundred day moving average price is $131.23.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) 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 16.96% and a net margin of 2.71%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of recent research reports. Morgan Stanley lowered their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods raised their target price 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. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Friday. UBS Group lowered their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $149.22.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's 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 sale, the chief financial officer now owns 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. Insiders have sold 5,396 shares of company stock worth $685,649 in the last quarter. Insiders own 0.42% of the company's stock.

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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