Desjardins Global Asset Management Inc. Has $39,000 Stake in CBRE Group, Inc. (NYSE:CBRE)

Desjardins Global Asset Management Inc. trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 95.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 417 shares of the financial services provider's stock after selling 9,856 shares during the period. Desjardins Global Asset Management Inc.'s holdings in CBRE Group were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC boosted its position in CBRE Group by 57.4% in the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider's stock valued at $36,000 after buying an additional 182 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider's stock worth $37,000 after purchasing an additional 326 shares during the last quarter. Headinvest LLC bought a new position in shares of CBRE Group during the third quarter worth about $44,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of CBRE Group during the fourth quarter worth about $45,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of CBRE Group during the fourth quarter worth about $48,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

CBRE traded down $0.24 on Friday, hitting $84.90. 1,780,807 shares of the company's stock were exchanged, compared to its average volume of 1,356,562. The firm has a market cap of $26.06 billion, a PE ratio of 26.78 and a beta of 1.42. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The stock has a fifty day moving average of $92.40 and a two-hundred day moving average of $84.88. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the business earned $1.33 earnings per share. CBRE Group's revenue was up 9.2% compared to the same quarter last year. On average, research analysts anticipate that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a "market perform" rating in a research report on Friday, February 16th. Raymond James increased their price target 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. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a "hold" rating and a $107.00 price target on the stock. TheStreet upgraded shares of CBRE Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 25th. Finally, Evercore ISI increased their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of "Hold" and an average price target of $99.50.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were 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 of the company's stock, valued at $11,947,827.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,592 shares of company stock worth $3,675,752. 0.53% of the stock is owned by company insiders.

About CBRE Group

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.