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

USS Investment Management Ltd reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,864 shares of the financial services provider's stock after selling 25,704 shares during the period. USS Investment Management Ltd's holdings in CBRE Group were worth $2,214,000 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. Waverly Advisors LLC raised 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 valued at $474,000 after purchasing an additional 1,269 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in CBRE Group in the 4th quarter valued at about $22,704,000. Woodline Partners LP purchased a new stake in CBRE Group in the 4th quarter valued at about $2,372,000. Sovereign s Capital Management LLC purchased a new stake in CBRE Group in the 4th quarter valued at about $3,468,000. Finally, Tidal Investments LLC boosted its holdings 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 period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Morgan Stanley cut their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. 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 note on Thursday, April 10th. UBS Group dropped their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $149.22.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the business'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 in the company, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,396 shares of company stock worth $685,649 in the last 90 days. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded down $0.06 on Thursday, hitting $123.63. 403,871 shares of the company were exchanged, compared to its average volume of 1,824,586. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The stock's 50 day moving average price is $123.85 and its 200 day moving average price is $131.58. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $36.85 billion, a P/E ratio of 39.28 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly 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 firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. CBRE Group's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.