Baillie Gifford & Co. Sells 152,949 Shares of CBRE Group, Inc. (NYSE:CBRE)

Baillie Gifford & Co. lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,442,028 shares of the financial services provider's stock after selling 152,949 shares during the period. Baillie Gifford & Co. owned approximately 1.45% of CBRE Group worth $552,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American National Bank & Trust purchased a new position in CBRE Group in the third quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC lifted its holdings in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after buying an additional 283 shares during the last quarter. Crewe Advisors LLC bought a new position in CBRE Group during the 1st quarter worth approximately $30,000. Finally, Asset Dedication LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $1.43 during mid-day trading on Tuesday, hitting $134.37. The company had a trading volume of 421,379 shares, compared to its average volume of 1,658,912. The firm has a market cap of $41.12 billion, a P/E ratio of 43.67 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 12 month low of $72.10 and a 12 month high of $137.93. The business's 50-day simple moving average is $123.79 and its 200-day simple moving average is $105.89.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts predict that CBRE Group, Inc. will post 4.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on CBRE. Morgan Stanley started coverage on CBRE Group in a research report on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 target price on the stock. Raymond James lifted their target price on CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price 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. Evercore ISI boosted their target price on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Finally, Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.83.

Insider Buying and Selling at CBRE Group

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at $24,894,168.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares of the company's stock, valued at approximately $5,739,328. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

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.