CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 18.2% in the third quarter, Holdings Channel reports. The fund owned 9,345 shares of the financial services provider’s stock after selling 2,085 shares during the period. Bridges Investment Management Inc.’s holdings in CBRE Group were worth $1,163,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. American National Bank & Trust purchased a new position in CBRE Group during the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at approximately $30,000. Wolff Wiese Magana LLC lifted its holdings 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 valued at $36,000 after acquiring an additional 283 shares during the last quarter. Finally, Asset Dedication LLC purchased a new position in CBRE Group in the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CBRE shares. Raymond James lifted their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Morgan Stanley assumed coverage on shares of CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Finally, Evercore ISI lifted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

Insider Buying and Selling at CBRE Group

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

CBRE Group Trading Up 3.1 %

NYSE CBRE opened at $136.08 on Friday. CBRE Group, Inc. has a one year low of $71.96 and a one year high of $137.09. The firm has a 50 day simple moving average of $123.38 and a 200-day simple moving average of $105.29. The firm has a market cap of $41.64 billion, a price-to-earnings ratio of 43.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business 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 13.91% and a net margin of 2.79%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. Equities research analysts anticipate that CBRE Group, Inc. will post 4.96 EPS for the current fiscal year.

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.