3,699 CBRE Group, Inc. $CBRE Shares Sold by Hahn Capital Management LLC

Hahn Capital Management LLC decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,137 shares of the financial services provider’s stock after selling 3,699 shares during the quarter. CBRE Group accounts for approximately 5.3% of Hahn Capital Management LLC’s holdings, making the stock its 4th largest position. Hahn Capital Management LLC’s holdings in CBRE Group were worth $9,010,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Kornitzer Capital Management Inc. KS raised its stake in shares of CBRE Group by 48.1% during the first quarter. Kornitzer Capital Management Inc. KS now owns 79,154 shares of the financial services provider’s stock valued at $10,722,000 after purchasing an additional 25,700 shares in the last quarter. Plato Investment Management Ltd purchased a new position in CBRE Group during the second quarter valued at approximately $2,209,000. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the 2nd quarter valued at approximately $98,121,000. Citizens Financial Group Inc. RI boosted its stake in shares of CBRE Group by 138.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,971 shares of the financial services provider’s stock worth $1,666,000 after acquiring an additional 7,529 shares in the last quarter. Finally, Adelante Capital Management LLC acquired a new stake in shares of CBRE Group in the second quarter worth $6,174,000. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research reports. UBS Group boosted their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Barclays raised their price target on shares of CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered their price target on CBRE Group from $190.00 to $186.00 in a research report on Tuesday, October 13th. The Goldman Sachs Group raised their price objective on shares of CBRE Group from $188.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.78.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $141.27 on Thursday. The stock’s 50-day moving average is $135.54 and its 200-day moving average is $141.51. CBRE Group, Inc. has a one year low of $121.44 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $40.71 billion, a price-to-earnings ratio of 30.25 and a beta of 1.24.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.09. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The firm had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.81 billion. During the same period last year, the company earned $1.61 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. Equities analysts predict that CBRE Group, Inc. will post 7.76 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 228 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the sale, the insider owned 41,778 shares in the company, valued at approximately $6,195,259.62. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma Giamartino sold 2,250 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the transaction, the chief financial officer directly owned 108,479 shares in the company, valued at approximately $16,086,350.91. This represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

About CBRE Group

CBRE Group, Inc (NYSE:CBRE) is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.

Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.