Swiss National Bank Cuts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Swiss National Bank trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 968,700 shares of the financial services provider's stock after selling 31,200 shares during the period. Swiss National Bank owned 0.32% of CBRE Group worth $90,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CBRE. Harris Associates L P boosted its position in shares of 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 acquiring an additional 586,661 shares in the last quarter. FMR LLC boosted its holdings in shares of CBRE Group by 3.1% in the 3rd quarter. FMR LLC now owns 9,465,982 shares of the financial services provider's stock valued at $699,157,000 after purchasing an additional 288,287 shares in the last quarter. Invesco Ltd. increased its stake 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. Principal Financial Group Inc. raised its holdings 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 worth $503,786,000 after buying an additional 894,521 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of CBRE Group by 0.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,868,834 shares of the financial services provider's stock worth $546,330,000 after buying an additional 44,648 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,667 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Emma E. Giamartino sold 2,667 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 owns 207,856 shares of the company's stock, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 over the last ninety days. 0.54% of the stock is owned by company insiders.

CBRE Group Trading Down 0.2 %

Shares of NYSE:CBRE traded down $0.18 during mid-day trading on Friday, reaching $86.61. 2,301,063 shares of the company's stock were exchanged, compared to its average volume of 1,585,100. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 26.98 and a beta of 1.44. The business's fifty day moving average price is $91.70 and its 200-day moving average price is $86.01.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same period in the previous year, the business earned $0.92 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts predict that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research analyst reports. Raymond James raised their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 25th. 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. Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a research note on Tuesday, April 2nd. Jefferies Financial Group assumed coverage on CBRE Group in a report on Wednesday, April 10th. They set a "hold" rating and a $107.00 price objective on the stock. Finally, StockNews.com cut CBRE Group from a "buy" rating to a "hold" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $99.50.

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.