OMERS ADMINISTRATION Corp Reduces Holdings in CBRE Group, Inc. $CBRE

OMERS ADMINISTRATION Corp trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 82.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 118,681 shares of the financial services provider’s stock after selling 549,326 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in CBRE Group were worth $16,077,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Van Diest Capital LLC grew its holdings in shares of CBRE Group by 41.8% in the first quarter. Van Diest Capital LLC now owns 1,816 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 535 shares during the last quarter. Lombard Odier Asset Management Switzerland SA raised its holdings in CBRE Group by 46.1% during the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 56,449 shares of the financial services provider’s stock valued at $7,647,000 after buying an additional 17,800 shares during the last quarter. Waverly Advisors LLC boosted its position in CBRE Group by 32.3% during the 1st quarter. Waverly Advisors LLC now owns 4,071 shares of the financial services provider’s stock valued at $551,000 after buying an additional 994 shares during the period. Sustainable Insight Capital Management LLC boosted its position in CBRE Group by 8.8% during the 1st quarter. Sustainable Insight Capital Management LLC now owns 3,700 shares of the financial services provider’s stock valued at $501,000 after buying an additional 300 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in CBRE Group by 95.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 22,634 shares of the financial services provider’s stock worth $3,066,000 after acquiring an additional 11,046 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group restated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Evercore set a $169.00 target price on shares of CBRE Group in a report on Tuesday, June 30th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the transaction, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Trading Up 2.9%

Shares of CBRE opened at $139.50 on Friday. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $134.36 and its 200-day moving average price is $143.99. The firm has a market capitalization of $40.85 billion, a price-to-earnings ratio of 31.78 and a beta of 1.20.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. CBRE Group’s revenue was up 18.1% on a year-over-year basis. Sell-side analysts anticipate that CBRE Group, Inc. will post 7.75 EPS for the current year.

CBRE Group 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.