Cooke & Bieler LP Sells 588,648 Shares of CBRE Group, Inc. (NYSE:CBRE)

Cooke & Bieler LP lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 40.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 863,721 shares of the financial services provider's stock after selling 588,648 shares during the quarter. Cooke & Bieler LP owned approximately 0.28% of CBRE Group worth $113,398,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Miller Financial Services LLC bought a new position in CBRE Group during the fourth quarter worth about $580,000. King Luther Capital Management Corp boosted its position in shares of CBRE Group by 46.6% in the fourth quarter. King Luther Capital Management Corp now owns 2,644 shares of the financial services provider's stock valued at $347,000 after acquiring an additional 840 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of CBRE Group by 19.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,327 shares of the financial services provider's stock valued at $437,000 after acquiring an additional 534 shares during the period. Sage Mountain Advisors LLC boosted its position in shares of CBRE Group by 9.2% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,094 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 177 shares during the period. Finally, Independent Advisor Alliance boosted its position in shares of CBRE Group by 34.9% in the fourth quarter. Independent Advisor Alliance now owns 2,217 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 574 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Trading Down 3.6 %

CBRE stock opened at $125.77 on Tuesday. The company has a market capitalization of $37.74 billion, a PE ratio of 40.05 and a beta of 1.42. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company's 50 day moving average price is $137.82 and its two-hundred day moving average price is $131.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley raised their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Finally, Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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.

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