Stevens Capital Management LP Trims Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Stevens Capital Management LP reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,073 shares of the financial services provider’s stock after selling 1,364 shares during the quarter. Stevens Capital Management LP’s holdings in CBRE Group were worth $631,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CBRE. FMR LLC grew its position in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after buying an additional 993,963 shares in the last quarter. Eminence Capital LP grew its position in shares of CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after buying an additional 453,406 shares in the last quarter. Maverick Capital Ltd. acquired a new position in shares of CBRE Group during the second quarter worth about $36,820,000. Finally, Long Pond Capital LP acquired a new position in shares of CBRE Group during the second quarter worth about $29,941,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE opened at $137.76 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 52-week low of $80.61 and a 52-week high of $142.00. The stock has a 50 day moving average price of $129.72 and a 200 day moving average price of $111.43. The company has a market capitalization of $42.16 billion, a price-to-earnings ratio of 44.29 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CBRE. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI boosted their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods upped their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.00.

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.