USS Investment Management Ltd Sells 25,704 Shares of CBRE Group, Inc. (NYSE:CBRE)

USS Investment Management Ltd trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 60.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,864 shares of the financial services provider's stock after selling 25,704 shares during the quarter. USS Investment Management Ltd's holdings in CBRE Group were worth $2,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBRE. Waverly Advisors LLC increased its stake in CBRE Group by 54.2% in the 4th quarter. Waverly Advisors LLC now owns 3,611 shares of the financial services provider's stock worth $474,000 after acquiring an additional 1,269 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in CBRE Group in the 4th quarter worth about $22,704,000. Woodline Partners LP bought a new position in CBRE Group in the 4th quarter worth about $2,372,000. Sovereign s Capital Management LLC bought a new position in CBRE Group in the 4th quarter worth about $3,468,000. Finally, Tidal Investments LLC increased its stake in CBRE Group by 1,410.6% in the 4th quarter. Tidal Investments LLC now owns 155,440 shares of the financial services provider's stock worth $20,408,000 after acquiring an additional 145,150 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CBRE shares. UBS Group reduced their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased 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. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley reduced their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $149.22.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the transaction, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,396 shares of company stock worth $685,649. 0.42% of the stock is currently owned by company insiders.

CBRE Group Trading Up 2.2%

CBRE stock traded up $2.67 during trading on Tuesday, hitting $123.80. 2,600,079 shares of the company traded hands, compared to its average volume of 1,830,881. The firm has a market capitalization of $36.90 billion, a PE ratio of 39.43 and a beta of 1.30. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a 50-day moving average of $124.10 and a 200-day moving average of $131.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter last year, the business posted $0.78 EPS. The business's revenue was up 12.3% on a year-over-year basis. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.