CBRE Group, Inc. (NYSE:CBRE) Stock Holdings Lessened by Fifth Third Bancorp

Fifth Third Bancorp cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 14.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,726 shares of the financial services provider’s stock after selling 10,490 shares during the period. Fifth Third Bancorp’s holdings in CBRE Group were worth $7,841,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CBRE. Benjamin F. Edwards & Company Inc. grew its holdings in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. AQR Capital Management LLC boosted its position in CBRE Group by 127.8% during the 2nd quarter. AQR Capital Management LLC now owns 213,148 shares of the financial services provider’s stock valued at $18,994,000 after purchasing an additional 119,563 shares during the period. APG Asset Management N.V. grew its stake in CBRE Group by 234.7% during the 2nd quarter. APG Asset Management N.V. now owns 38,078 shares of the financial services provider’s stock worth $3,166,000 after buying an additional 26,700 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in CBRE Group by 6.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider’s stock worth $28,810,000 after buying an additional 20,717 shares during the period. Finally, MBB Public Markets I LLC lifted its stake in CBRE Group by 388.4% in the second quarter. MBB Public Markets I LLC now owns 25,128 shares of the financial services provider’s stock valued at $2,239,000 after buying an additional 19,983 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CBRE has been the topic of a number of analyst reports. Evercore ISI dropped their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Trading Up 0.1 %

Shares of CBRE stock opened at $141.23 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $134.08 and a 200 day simple moving average of $123.14. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. The stock has a market capitalization of $43.22 billion, a P/E ratio of 45.41 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

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.