Invesco Ltd. Reduces Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Invesco Ltd. reduced its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,009,413 shares of the financial services provider's stock after selling 395,510 shares during the period. Invesco Ltd. owned approximately 1.96% of CBRE Group worth $788,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of 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 worth $924,223,000 after purchasing an additional 277,922 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of CBRE Group during the 3rd quarter valued at about $208,000. National Bank of Canada FI increased its position in shares of CBRE Group by 70.1% in the third quarter. National Bank of Canada FI now owns 140,978 shares of the financial services provider's stock worth $17,549,000 after purchasing an additional 58,075 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in CBRE Group by 5.3% during the third quarter. Orion Portfolio Solutions LLC now owns 26,827 shares of the financial services provider's stock valued at $3,339,000 after purchasing an additional 1,344 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in 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 worth $8,206,000 after buying an additional 3,454 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

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CBRE Group Trading Down 0.7 %

CBRE Group stock traded down $0.76 during mid-day trading on Friday, reaching $115.89. 2,605,133 shares of the company traded hands, compared to its average volume of 1,809,089. The firm's 50 day moving average price is $132.59 and its 200 day moving average price is $132.32. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The firm has a market capitalization of $34.75 billion, a price-to-earnings ratio of 36.91 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping 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%. On average, analysts anticipate 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 stock in a transaction that occurred 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 sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction that occurred 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 directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade 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 company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. UBS Group reduced their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. cut their price objective 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. Finally, 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 note on Wednesday, February 19th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $151.33.

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.