CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,442,028 shares of the financial services provider’s stock after selling 152,949 shares during the quarter. Baillie Gifford & Co.’s holdings in CBRE Group were worth $552,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Entropy Technologies LP increased its stake in shares of CBRE Group by 143.4% during the third quarter. Entropy Technologies LP now owns 8,651 shares of the financial services provider’s stock valued at $1,077,000 after acquiring an additional 5,097 shares during the period. Apollon Wealth Management LLC grew its position in CBRE Group by 56.9% in the third quarter. Apollon Wealth Management LLC now owns 6,116 shares of the financial services provider’s stock worth $761,000 after buying an additional 2,219 shares during the last quarter. WCM Investment Management LLC acquired a new position in CBRE Group in the third quarter worth approximately $220,000. Versor Investments LP grew its position in CBRE Group by 50.0% in the third quarter. Versor Investments LP now owns 4,200 shares of the financial services provider’s stock worth $523,000 after buying an additional 1,400 shares during the last quarter. Finally, Core Wealth Partners LLC acquired a new position in CBRE Group in the third quarter worth approximately $212,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CBRE shares. Morgan Stanley started 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 target on the stock. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI raised 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 lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, Raymond James lifted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $116.83.

Insider Activity

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, 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 link. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Trading Down 0.2 %

CBRE Group stock opened at $135.80 on Tuesday. The company’s fifty day simple moving average is $123.79 and its 200-day simple moving average is $105.89. 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 12 month low of $72.10 and a 12 month high of $137.93. The stock has a market cap of $41.56 billion, a P/E ratio of 43.67 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company posted $0.72 EPS. CBRE Group’s revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 4.96 EPS for the current fiscal year.

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.