Baillie Gifford & Co. Sells 274,622 Shares of CBRE Group, Inc. (NYSE:CBRE)

Baillie Gifford & Co. reduced its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,953,503 shares of the financial services provider's stock after selling 274,622 shares during the quarter. Baillie Gifford & Co. owned approximately 1.63% of CBRE Group worth $461,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Harris Associates L P lifted its holdings in CBRE Group by 4.0% during the 3rd quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider's stock worth $1,131,677,000 after buying an additional 586,661 shares in the last quarter. FMR LLC lifted its holdings in CBRE Group by 3.1% during the 3rd quarter. FMR LLC now owns 9,465,982 shares of the financial services provider's stock worth $699,157,000 after buying an additional 288,287 shares in the last quarter. Geode Capital Management LLC lifted 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 buying an additional 148,971 shares in the last quarter. Invesco Ltd. raised its position in shares of CBRE Group by 0.4% during the 3rd quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider's stock valued at $523,208,000 after acquiring an additional 28,316 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of CBRE Group by 15.1% during 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 acquiring an additional 894,521 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 127,064 shares of the company's stock, valued at $11,947,827.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,592 shares of company stock worth $3,675,752. Corporate insiders own 0.53% of the company's stock.

CBRE Group Stock Down 0.3 %

CBRE stock traded down $0.31 during trading hours on Tuesday, reaching $96.20. 1,300,850 shares of the stock were exchanged, compared to its average volume of 1,633,105. The firm's 50-day moving average is $92.05 and its 200-day moving average is $84.18. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 30.35 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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. The firm had revenue of $8.95 billion during the quarter, compared to analysts' expectations of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The company's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. On average, equities research analysts expect that CBRE Group, Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on CBRE shares. Evercore ISI upped their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a research report on Tuesday, April 2nd. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, April 4th. Raymond James upped their target price on shares of CBRE Group from $95.00 to $103.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 25th. TheStreet upgraded shares of CBRE Group from a "c+" rating to a "b-" rating in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a "market perform" rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $96.67.

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.