OLD National Bancorp IN Reduces Stock Position in CBRE Group, Inc. (NYSE:CBRE)

OLD National Bancorp IN reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 47.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,499 shares of the financial services provider’s stock after selling 3,210 shares during the period. OLD National Bancorp IN’s holdings in CBRE Group were worth $326,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of 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. Caprock Group LLC increased its stake in shares of CBRE Group by 27.6% during the third quarter. Caprock Group LLC now owns 8,249 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 1,782 shares in the last quarter. Coronation Fund Managers Ltd. bought a new position in shares of CBRE Group during the third quarter valued at approximately $2,931,000. Czech National Bank increased its stake in shares of CBRE Group by 47.2% during the third quarter. Czech National Bank now owns 54,154 shares of the financial services provider’s stock valued at $4,000,000 after purchasing an additional 17,357 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of CBRE Group by 3.3% during the third quarter. Handelsbanken Fonder AB now owns 48,943 shares of the financial services provider’s stock valued at $3,615,000 after purchasing an additional 1,578 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group 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 sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 0.3 %

CBRE opened at $87.01 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The firm’s fifty day moving average is $92.25 and its 200 day moving average is $85.20. The stock has a market cap of $26.71 billion, a price-to-earnings ratio of 27.45 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the company earned $1.33 EPS. CBRE Group’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, sell-side analysts forecast that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CBRE. 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 price target for the company. Raymond James raised their target price 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. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI raised their target price 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, Keefe, Bruyette & Woods raised their target price 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. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.