CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 15.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 249,648 shares of the financial services provider's stock after selling 44,685 shares during the period. Citigroup Inc. owned 0.08% of CBRE Group worth $31,076,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC boosted its stake in CBRE Group by 5,784.5% in the 1st quarter. Lazard Asset Management LLC now owns 6,473 shares of the financial services provider's stock worth $628,000 after purchasing an additional 6,363 shares in the last quarter. Bayesian Capital Management LP boosted its stake in CBRE Group by 138.8% in the 1st quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider's stock worth $963,000 after purchasing an additional 5,754 shares in the last quarter. Janus Henderson Group PLC boosted its stake in CBRE Group by 2.1% in the 1st quarter. Janus Henderson Group PLC now owns 870,888 shares of the financial services provider's stock worth $84,683,000 after purchasing an additional 18,275 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in CBRE Group by 46.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,969 shares of the financial services provider's stock worth $386,000 after purchasing an additional 1,256 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in CBRE Group by 1.1% in the 1st quarter. California State Teachers Retirement System now owns 523,426 shares of the financial services provider's stock worth $50,898,000 after purchasing an additional 5,827 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded up $1.75 during trading on Tuesday, hitting $140.44. 2,216,586 shares of the stock traded hands, compared to its average volume of 1,688,194. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $42.98 billion, a price-to-earnings ratio of 45.16 and a beta of 1.39. The company has a fifty day moving average price of $127.66 and a two-hundred day moving average price of $109.52. CBRE Group, Inc. has a 52-week low of $78.18 and a 52-week high of $141.05.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 4.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Evercore ISI lifted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Citigroup lifted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday. Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

Insider Buying and Selling

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares of the company's stock, valued at $24,894,168.98. The trade was a 4.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.