CBRE Group, Inc. (NYSE:CBRE) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 415,994 shares of the financial services provider's stock after selling 28,422 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.14% of CBRE Group worth $38,602,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Harris Associates L P raised its position in CBRE Group by 4.0% in the 3rd quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider's stock valued at $1,131,677,000 after purchasing an additional 586,661 shares in the last quarter. FMR LLC lifted its stake in CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider's stock worth $699,157,000 after acquiring an additional 288,287 shares during the last quarter. Geode Capital Management LLC grew its holdings in CBRE Group by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider's stock worth $522,405,000 after acquiring an additional 148,971 shares in the last quarter. Invesco Ltd. increased its position in shares of CBRE Group by 0.4% in the 3rd quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider's stock valued at $523,208,000 after purchasing an additional 28,316 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of CBRE Group by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider's stock valued at $503,786,000 after purchasing an additional 894,521 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insiders Place Their Bets

In other news, CEO John E. Durburg sold 25,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares of the company's stock, valued at $19,164,323.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now directly owns 127,064 shares of the company's stock, valued at $11,947,827.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. Insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday. TheStreet upgraded CBRE Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 25th. Evercore ISI upped their price target on CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a report on Tuesday, April 2nd. Finally, Raymond James boosted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.67.

CBRE Group Stock Performance

NYSE:CBRE traded up $0.68 during mid-day trading on Friday, reaching $96.14. 1,036,792 shares of the stock were exchanged, compared to its average volume of 1,405,042. The stock has a market capitalization of $29.39 billion, a P/E ratio of 30.33 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The company has a 50 day simple moving average of $91.69 and a 200-day simple moving average of $83.88. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period last year, the firm posted $1.33 earnings per share. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts anticipate that CBRE Group, Inc. will post 4.46 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.