Sentry Investment Management LLC Lowers Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sentry Investment Management LLC lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 9.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,625 shares of the financial services provider’s stock after selling 175 shares during the period. Sentry Investment Management LLC’s holdings in CBRE Group were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of CBRE Group in the fourth quarter worth approximately $255,749,000. Principal Financial Group Inc. lifted its position in CBRE Group by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after acquiring an additional 894,521 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in CBRE Group during the 4th quarter valued at $65,416,000. Balyasny Asset Management L.P. increased its holdings in shares of CBRE Group by 26,570.0% in the 1st quarter. Balyasny Asset Management L.P. now owns 800,900 shares of the financial services provider’s stock worth $58,314,000 after purchasing an additional 797,897 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of CBRE Group by 150.3% in the first quarter. Renaissance Technologies LLC now owns 1,320,100 shares of the financial services provider’s stock worth $120,816,000 after purchasing an additional 792,717 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $85.13 on Thursday. The firm’s 50 day moving average price is $92.45 and its 200-day moving average price is $84.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $26.13 billion, a PE ratio of 26.85 and a beta of 1.42. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. Equities research analysts expect that CBRE Group, Inc. will post 4.44 EPS for the current year.

Analyst Ratings Changes

CBRE has been the topic of several recent analyst reports. Raymond James increased their price objective on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI boosted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $99.50.

Insider Buying and Selling

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.53% of the stock is owned by company 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.