AGF Management Ltd. Reduces Stake in CBRE Group, Inc. (NYSE:CBRE)

AGF Management Ltd. decreased its stake in CBRE Group, Inc. (NYSE:CBREFree Report) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,812 shares of the financial services provider’s stock after selling 2,327 shares during the quarter. AGF Management Ltd.’s holdings in CBRE Group were worth $913,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CBRE. Principal Securities Inc. purchased a new position in CBRE Group during the fourth quarter worth $844,000. AJOVista LLC bought a new position in CBRE Group during the 4th quarter valued at about $208,000. SG Americas Securities LLC grew its holdings in CBRE Group by 795.4% during the 4th quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock valued at $13,107,000 after purchasing an additional 125,071 shares during the last quarter. DNB Asset Management AS raised its position in CBRE Group by 37.9% in the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after purchasing an additional 35,386 shares during the period. Finally, Advisor Resource Council bought a new stake in CBRE Group in the fourth quarter worth about $1,083,000. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Chandra Dhandapani sold 11,925 shares of the company’s 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 transaction, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock worth $3,675,752. 0.54% of the stock is currently owned by company insiders.

CBRE Group Stock Up 4.0 %

Shares of CBRE Group stock opened at $92.26 on Thursday. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $28.31 billion, a price-to-earnings ratio of 28.74 and a beta of 1.44. The firm’s 50-day moving average is $91.16 and its two-hundred day moving average is $87.04.

CBRE Group (NYSE:CBREGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. As a group, research analysts expect that CBRE Group, Inc. will post 4.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Jefferies Financial Group began coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. Raymond James boosted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Finally, TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $99.50.

Get Our Latest Research Report on CBRE Group

CBRE Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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