Livforsakringsbolaget Skandia Omsesidigt Lowers Position in CBRE Group, Inc. (NYSE:CBRE)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 44.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 497 shares of the financial services provider’s stock after selling 400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in CBRE Group were worth $44,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CBRE. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CBRE Group by 4.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,486 shares of the financial services provider’s stock worth $8,144,000 after purchasing an additional 3,370 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of CBRE Group during the fourth quarter valued at approximately $42,460,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CBRE Group during the fourth quarter valued at approximately $45,000. Sequoia Financial Advisors LLC increased its position in shares of CBRE Group by 28.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,900 shares of the financial services provider’s stock valued at $829,000 after acquiring an additional 1,978 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of CBRE Group by 25.9% during the fourth quarter. Cerity Partners LLC now owns 37,604 shares of the financial services provider’s stock valued at $3,501,000 after acquiring an additional 7,745 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

NYSE CBRE traded down $1.10 on Monday, hitting $108.04. 176,837 shares of the stock traded hands, compared to its average volume of 1,681,957. The business’s fifty day moving average is $94.91 and its two-hundred day moving average is $91.78. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $114.51. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 34.00 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate that CBRE Group, Inc. will post 4.84 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley assumed coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. UBS Group decreased their price target on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, Raymond James increased their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.29.

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.