Voya Investment Management LLC Sells 45,027 Shares of CBRE Group, Inc. (NYSE:CBRE)

Voya Investment Management LLC lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 876,332 shares of the financial services provider's stock after selling 45,027 shares during the period. Voya Investment Management LLC owned about 0.29% of CBRE Group worth $115,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group in the fourth quarter valued at $1,518,000. Merit Financial Group LLC bought a new position in shares of CBRE Group during the fourth quarter worth about $256,000. Fulton Bank N.A. lifted its stake in shares of CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after acquiring an additional 19,227 shares during the period. Manning & Napier Advisors LLC bought a new stake in CBRE Group in the fourth quarter valued at approximately $175,978,000. Finally, Robeco Institutional Asset Management B.V. increased its position in CBRE Group by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock valued at $391,752,000 after purchasing an additional 338,298 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, 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 position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CBRE. Morgan Stanley lowered their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Keefe, Bruyette & Woods dropped their target price on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group decreased their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.00.

CBRE Group Stock Up 0.5 %

NYSE CBRE traded up $0.66 on Monday, reaching $121.39. The company had a trading volume of 1,337,334 shares, compared to its average volume of 1,826,927. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $36.40 billion, a P/E ratio of 38.66 and a beta of 1.26. The company's fifty day moving average is $127.65 and its 200 day moving average is $132.10. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. CBRE Group's revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.