Centersquare Investment Management LLC Sells 52,680 Shares of CBRE Group, Inc. (NYSE:CBRE)

Centersquare Investment Management LLC trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 82.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,900 shares of the financial services provider's stock after selling 52,680 shares during the period. Centersquare Investment Management LLC's holdings in CBRE Group were worth $1,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of CBRE Group in the 4th quarter valued at about $514,609,000. Artisan Partners Limited Partnership boosted its position in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in shares of CBRE Group during the fourth quarter valued at about $190,695,000. Manning & Napier Advisors LLC acquired a new stake in CBRE Group during the fourth quarter worth $175,978,000. Finally, Massachusetts Financial Services Co. MA raised its position in CBRE Group by 11,750.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock worth $161,876,000 after purchasing an additional 1,222,558 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley boosted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

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Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares of the company's stock, valued at $3,629,517.85. This trade represents a 2.70 % 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 Trading Down 0.9 %

Shares of NYSE CBRE traded down $1.07 during trading on Monday, reaching $117.01. The company had a trading volume of 2,881,417 shares, compared to its average volume of 1,779,578. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company's fifty day moving average price is $136.28 and its 200-day moving average price is $132.66. The stock has a market cap of $35.11 billion, a P/E ratio of 37.26 and a beta of 1.26.

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

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.