Barclays PLC Sells 171,191 Shares of CBRE Group, Inc. (NYSE:CBRE)

Barclays PLC trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 850,389 shares of the financial services provider's stock after selling 171,191 shares during the quarter. Barclays PLC owned about 0.28% of CBRE Group worth $105,853,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its position in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock valued at $944,435,000 after buying an additional 3,498,244 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock valued at $329,320,000 after buying an additional 993,963 shares in the last quarter. State Street Corp boosted its holdings in CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after buying an additional 692,697 shares during the period. Eminence Capital LP increased its stake in CBRE Group by 42.6% in the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider's stock worth $135,287,000 after buying an additional 453,406 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in CBRE Group during the second quarter valued at about $36,820,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Trading Up 1.5 %

Shares of NYSE:CBRE traded up $2.02 during trading on Thursday, reaching $139.68. The company's stock had a trading volume of 2,180,795 shares, compared to its average volume of 1,688,864. The stock has a market capitalization of $42.74 billion, a PE ratio of 44.79 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $82.02 and a 12 month high of $142.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm's 50 day simple moving average is $131.02 and its two-hundred day simple moving average is $113.10.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. On average, research analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBRE. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 target price on the stock. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Finally, Evercore ISI increased their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.63.

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.