Bank of Montreal Can Sells 261,020 Shares of CBRE Group, Inc. (NYSE:CBRE)

Bank of Montreal Can lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,676 shares of the financial services provider's stock after selling 261,020 shares during the period. Bank of Montreal Can owned approximately 0.11% of CBRE Group worth $45,515,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after purchasing an additional 277,922 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $208,000. Orion Portfolio Solutions LLC raised its stake in shares of CBRE Group by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 26,827 shares of the financial services provider's stock worth $3,339,000 after purchasing an additional 1,344 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of CBRE Group by 5.5% in the 3rd quarter. MML Investors Services LLC now owns 65,922 shares of the financial services provider's stock valued at $8,206,000 after buying an additional 3,454 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of CBRE Group by 9.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 92,956 shares of the financial services provider's stock valued at $11,571,000 after buying an additional 7,701 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on CBRE shares. JPMorgan Chase & Co. cut their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Finally, StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $151.33.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $1.38 during mid-day trading on Tuesday, reaching $120.39. The company had a trading volume of 328,872 shares, compared to its average volume of 1,803,486. The firm has a market cap of $36.10 billion, a price-to-earnings ratio of 38.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The business's 50-day simple moving average is $132.02 and its 200 day simple moving average is $132.29.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results 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 net margin of 2.71% and a return on equity of 16.96%. On average, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the firm'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 transaction, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

About CBRE Group

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.