Van ECK Associates Corp Lowers Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Van ECK Associates Corp lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 45.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,721 shares of the financial services provider's stock after selling 15,584 shares during the period. Van ECK Associates Corp's holdings in CBRE Group were worth $1,743,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Harris Associates L P boosted its position 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 acquiring an additional 586,661 shares during the last quarter. FMR LLC boosted its position 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 acquiring an additional 288,287 shares during the last quarter. Invesco Ltd. boosted its position in CBRE Group by 0.4% during the 3rd quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider's stock worth $523,208,000 after acquiring an additional 28,316 shares during the last quarter. Principal Financial Group Inc. boosted its position in 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 acquiring an additional 894,521 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in 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 acquiring an additional 44,648 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CBRE shares. Raymond James increased their price objective on CBRE Group from $95.00 to $103.00 and gave the company a "strong-buy" rating in a report on Thursday, January 25th. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a "hold" rating and a $107.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on CBRE Group from $96.00 to $100.00 and gave the company a "market perform" rating in a research note on Friday, February 16th. TheStreet upgraded CBRE Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 25th. Finally, 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. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $99.50.

Insider Transactions at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the business'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 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 filing with the SEC, which can be accessed through this hyperlink. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction dated 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 owns 207,856 shares in the company, valued at $19,164,323.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the business'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 transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold 39,592 shares of company stock worth $3,675,752 in the last 90 days. Insiders own 0.54% of the company's stock.

CBRE Group Trading Up 1.1 %

Shares of CBRE traded up $0.94 during mid-day trading on Thursday, reaching $87.44. 1,466,054 shares of the company were exchanged, compared to its average volume of 1,656,546. The stock has a market capitalization of $26.84 billion, a PE ratio of 27.14 and a beta of 1.44. The business has a 50 day simple moving average of $91.54 and a two-hundred day simple moving average of $86.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.15. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. On average, analysts predict that CBRE Group, Inc. will post 4.45 earnings per share for the current fiscal year.

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.