CBRE Group Inc (CBRE) Stake Decreased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC cut its stake in shares of CBRE Group Inc (NYSE:CBRE) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,167 shares of the financial services provider’s stock after selling 659 shares during the quarter. Gateway Investment Advisers LLC’s holdings in CBRE Group were worth $602,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lindbrook Capital LLC acquired a new stake in CBRE Group in the 4th quarter valued at about $27,000. Oregon Public Employees Retirement Fund grew its stake in CBRE Group by 1,895.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,308,488 shares during the last quarter. CX Institutional acquired a new stake in CBRE Group in the 1st quarter valued at about $35,000. Van ECK Associates Corp acquired a new stake in CBRE Group in the 4th quarter valued at about $38,000. Finally, Whitnell & Co. grew its stake in CBRE Group by 200.0% in the 4th quarter. Whitnell & Co. now owns 1,500 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,000 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on CBRE shares. Zacks Investment Research upgraded shares of CBRE Group from a “sell” rating to a “hold” rating in a report on Monday, January 14th. Bank of America lowered shares of CBRE Group from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. William Blair reiterated an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Finally, JMP Securities reiterated a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $56.33.

In other news, CEO Michael J. Lafitte sold 32,706 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.54, for a total transaction of $1,652,961.24. Following the sale, the chief executive officer now owns 372,946 shares in the company, valued at $18,848,690.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brandon B. Boze sold 6,700,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $49.51, for a total transaction of $331,717,000.00. The disclosure for this sale can be found here. Insiders have sold 6,864,454 shares of company stock worth $340,096,303 in the last quarter. Insiders own 0.88% of the company’s stock.

NYSE CBRE opened at $50.41 on Thursday. CBRE Group Inc has a one year low of $37.45 and a one year high of $52.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $17.04 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.08. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $5.96 billion. CBRE Group had a net margin of 4.98% and a return on equity of 23.93%. CBRE Group’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Equities research analysts predict that CBRE Group Inc will post 3.57 EPS for the current year.

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About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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

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