Blueshift Asset Management LLC Reduces Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Blueshift Asset Management LLC decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,698 shares of the financial services provider's stock after selling 2,276 shares during the quarter. Blueshift Asset Management LLC's holdings in CBRE Group were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CBRE. Teacher Retirement System of Texas grew its holdings in shares of CBRE Group by 132.1% during the fourth quarter. Teacher Retirement System of Texas now owns 656,429 shares of the financial services provider's stock worth $86,183,000 after purchasing an additional 373,577 shares during the last quarter. Sandy Spring Bank grew its stake in CBRE Group by 1,637.9% during the 4th quarter. Sandy Spring Bank now owns 1,512 shares of the financial services provider's stock worth $199,000 after buying an additional 1,425 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in CBRE Group by 166.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 7,741 shares of the financial services provider's stock worth $1,016,000 after buying an additional 4,832 shares during the period. Vinva Investment Management Ltd increased its position in CBRE Group by 61.5% during the fourth quarter. Vinva Investment Management Ltd now owns 120,865 shares of the financial services provider's stock worth $15,745,000 after buying an additional 46,004 shares during the period. Finally, Intech Investment Management LLC lifted its stake in CBRE Group by 201.7% in the fourth quarter. Intech Investment Management LLC now owns 28,169 shares of the financial services provider's stock valued at $3,698,000 after buying an additional 18,831 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

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Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE stock traded down $1.07 during trading hours on Wednesday, reaching $132.70. 1,063,383 shares of the company's stock were exchanged, compared to its average volume of 1,666,761. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company's 50 day moving average is $137.73 and its two-hundred day moving average is $132.05. The company has a market cap of $39.81 billion, a P/E ratio of 42.26 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CBRE shares. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective on the stock. Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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.