CBRE Group, Inc. $CBRE Shares Sold by M.D. Sass LLC

M.D. Sass LLC cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 290,485 shares of the financial services provider’s stock after selling 5,252 shares during the period. CBRE Group comprises approximately 3.0% of M.D. Sass LLC’s portfolio, making the stock its 18th largest position. M.D. Sass LLC owned approximately 0.10% of CBRE Group worth $39,349,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CBRE. Sei Investments Co. boosted its position in shares of CBRE Group by 8.7% in the 1st quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider’s stock valued at $295,494,000 after purchasing an additional 175,344 shares during the period. Lido Advisors LLC grew its stake in CBRE Group by 18.2% during the 1st quarter. Lido Advisors LLC now owns 19,718 shares of the financial services provider’s stock worth $2,671,000 after buying an additional 3,039 shares during the last quarter. Cetera Investment Advisers increased its position in CBRE Group by 2.7% during the first quarter. Cetera Investment Advisers now owns 54,633 shares of the financial services provider’s stock worth $7,401,000 after buying an additional 1,442 shares during the period. Prestige Wealth Management Group LLC lifted its stake in CBRE Group by 10,860.0% in the first quarter. Prestige Wealth Management Group LLC now owns 3,836 shares of the financial services provider’s stock valued at $520,000 after buying an additional 3,801 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its stake in CBRE Group by 16.8% in the first quarter. Levin Capital Strategies L.P. now owns 5,563 shares of the financial services provider’s stock valued at $754,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

CBRE Group Trading Down 1.0%

Shares of CBRE Group stock opened at $135.69 on Friday. The firm has a market cap of $39.73 billion, a price-to-earnings ratio of 30.91 and a beta of 1.20. CBRE Group, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27. The company’s 50-day simple moving average is $134.17 and its 200-day simple moving average is $144.03. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The firm had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of research reports. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Evercore set a $169.00 price objective on shares of CBRE Group in a research report on Tuesday, June 30th. Finally, UBS Group restated a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $178.86.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.