CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,093 shares of the financial services provider’s stock after selling 669 shares during the period. Osborne Partners Capital Management LLC’s holdings in CBRE Group were worth $7,854,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. American National Bank & Trust purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC grew its position in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the period. Crewe Advisors LLC purchased a new position in CBRE Group in the first quarter worth approximately $30,000. Asset Dedication LLC purchased a new stake in CBRE Group in the third quarter valued at $40,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Down 0.7 %

Shares of NYSE CBRE opened at $132.54 on Friday. The stock has a market cap of $40.67 billion, a P/E ratio of 41.29 and a beta of 1.40. The business’s fifty day simple moving average is $119.43 and its 200-day simple moving average is $101.99. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $136.06. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. CBRE Group’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBRE. Morgan Stanley started coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective for the company. Raymond James boosted their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Evercore ISI upped their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $113.83.

Insider Buying and Selling

In other news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,232 shares of company stock worth $2,839,047 over the last 90 days. 0.54% of the stock is owned by insiders.

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.