PGGM Investments Has $4.17 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

PGGM Investments trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,833 shares of the financial services provider’s stock after selling 2,907 shares during the quarter. PGGM Investments’ holdings in CBRE Group were worth $4,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CBRE. SG Americas Securities LLC boosted its holdings in CBRE Group by 78.8% during the third quarter. SG Americas Securities LLC now owns 15,724 shares of the financial services provider’s stock valued at $1,161,000 after purchasing an additional 6,928 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of CBRE Group by 3.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 48,943 shares of the financial services provider’s stock worth $3,615,000 after acquiring an additional 1,578 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of CBRE Group by 10.3% in the 3rd quarter. Ballentine Partners LLC now owns 6,358 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 595 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of CBRE Group by 8.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 27,198 shares of the financial services provider’s stock worth $2,009,000 after acquiring an additional 2,170 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of CBRE Group by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 602 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Performance

CBRE stock opened at $87.33 on Monday. The company has a 50 day moving average price of $92.13 and a 200 day moving average price of $85.47. The stock has a market capitalization of $26.81 billion, a PE ratio of 27.55 and a beta of 1.42. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. The company had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS. Analysts forecast that CBRE Group, Inc. will post 4.45 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the company’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 completion of the sale, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now 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 90 days, insiders sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CBRE shares. Raymond James boosted their target price on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. Evercore ISI boosted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

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.