Sumitomo Mitsui Trust Holdings Inc. Sells 58,692 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 830,100 shares of the financial services provider’s stock after selling 58,692 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CBRE Group were worth $77,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of CBRE Group by 6.1% in the 1st quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock valued at $1,344,000 after purchasing an additional 845 shares during the period. Vontobel Holding Ltd. grew its position in shares of CBRE Group by 7.5% during the 1st quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock worth $839,000 after purchasing an additional 634 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of CBRE Group by 7,628.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,602 shares in the last quarter. Covestor Ltd grew its position in shares of CBRE Group by 78.5% during the 1st quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 477 shares in the last quarter. Finally, Ergoteles LLC acquired a new position in shares of CBRE Group during the 1st quarter worth approximately $259,000. 98.41% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was 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 owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,592 shares of company stock valued at $3,675,752. Insiders own 0.53% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $85.13 on Thursday. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 26.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $92.45 and a 200 day simple moving average of $84.70. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data 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 business had revenue of $8.95 billion during 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 firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. Research analysts predict that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBRE. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Jefferies Financial Group began coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Evercore ISI upped their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Finally, Raymond James upped their price target on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $99.50.

CBRE Group 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.