Amalgamated Bank Has $7.40 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Amalgamated Bank decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 59,432 shares of the financial services provider’s stock after selling 1,885 shares during the period. Amalgamated Bank’s holdings in CBRE Group were worth $7,398,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Swedbank AB acquired a new stake in CBRE Group during the 1st quarter worth $162,576,000. Robeco Institutional Asset Management B.V. lifted its stake in CBRE Group by 60.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after buying an additional 993,963 shares during the period. Eminence Capital LP boosted its holdings in 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 during the last quarter. Maverick Capital Ltd. bought a new position in CBRE Group during the second quarter worth about $36,820,000. Finally, Delta Global Management LP increased its stake in shares of CBRE Group by 266.2% in the 1st quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider’s stock valued at $52,877,000 after acquiring an additional 395,297 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. In other news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’s 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 transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 25,232 shares of company stock valued at $2,839,047. 0.54% of the stock is owned by insiders.

CBRE Group Price Performance

Shares of CBRE opened at $129.40 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 twelve month low of $71.96 and a twelve month high of $136.92. The stock has a market capitalization of $39.60 billion, a P/E ratio of 41.61 and a beta of 1.39. The company has a 50 day moving average of $122.61 and a 200-day moving average of $104.75.

CBRE Group (NYSE:CBRE) last released its earnings results 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 net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CBRE shares. Evercore ISI lifted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Morgan Stanley began coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Raymond James increased their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

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.