M&G Plc Lowers Holdings in CBRE Group, Inc. (NYSE:CBRE)

M&G PLC trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 20.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,706 shares of the financial services provider's stock after selling 5,478 shares during the period. M&G PLC's holdings in CBRE Group were worth $2,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. Principal Financial Group Inc. grew its stake in shares of CBRE Group by 3.0% during the 2nd quarter. Principal Financial Group Inc. now owns 7,146,749 shares of the financial services provider's stock valued at $636,847,000 after purchasing an additional 210,004 shares during the period. Allspring Global Investments Holdings LLC raised its position in CBRE Group by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider's stock worth $763,909,000 after acquiring an additional 49,732 shares during the period. Earnest Partners LLC boosted its stake in shares of CBRE Group by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider's stock worth $324,085,000 after acquiring an additional 54,510 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CBRE Group by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider's stock worth $295,640,000 after purchasing an additional 142,088 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its holdings in CBRE Group by 4.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider's stock worth $237,323,000 after purchasing an additional 123,108 shares during the period. Institutional investors own 98.41% of the company's stock.

Insider Buying and Selling at CBRE Group

In other news, Director Christopher T. Jenny sold 10,847 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now owns 69,226 shares of the company's stock, valued at approximately $7,538,019.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares of the company's stock, valued at $5,739,328. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,232 shares of company stock worth $2,839,047 over the last 90 days. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. Raymond James raised their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 25th. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Finally, Morgan Stanley began coverage on CBRE Group in a research report on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.83.

CBRE Group Price Performance

Shares of CBRE Group stock traded up $4.03 during trading on Friday, reaching $136.08. 1,691,087 shares of the stock traded hands, compared to its average volume of 1,857,418. The business has a fifty day simple moving average of $123.38 and a two-hundred day simple moving average of $105.29. CBRE Group, Inc. has a 52-week low of $71.96 and a 52-week high of $137.09. The company has a market capitalization of $41.64 billion, a price-to-earnings ratio of 43.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The company's revenue was up 14.8% compared to the same quarter last year. Sell-side analysts expect that CBRE Group, Inc. will post 4.96 EPS 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.