Crossmark Global Holdings Inc. Has $7.29 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Crossmark Global Holdings Inc. lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,559 shares of the financial services provider's stock after selling 3,981 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in CBRE Group were worth $7,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CBRE. American National Bank & Trust acquired a new stake in CBRE Group in the 3rd quarter worth $28,000. Benjamin F. Edwards & Company Inc. increased its stake in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of CBRE Group in the first quarter valued at approximately $30,000. Wolff Wiese Magana LLC boosted its holdings in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Finally, Asset Dedication LLC bought a new stake in CBRE Group during the third quarter worth $40,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the business's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now owns 51,244 shares of the company's stock, valued at $5,739,328. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business's 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 completion of the sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

CBRE Group Price Performance

Shares of CBRE traded down $0.28 during mid-day trading on Monday, hitting $135.80. The company's stock had a trading volume of 2,027,114 shares, compared to its average volume of 1,664,589. CBRE Group, Inc. has a 1-year low of $72.10 and a 1-year high of $137.93. The firm has a market capitalization of $41.56 billion, a P/E ratio of 44.28 and a beta of 1.39. The firm has a 50-day simple moving average of $123.38 and a 200 day simple moving average of $105.54. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The business's revenue for the quarter was up 14.8% on a year-over-year basis. Analysts predict that CBRE Group, Inc. will post 4.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CBRE. Evercore ISI increased their price objective 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. Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 target price for the company. Keefe, Bruyette & Woods raised their target price 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. Finally, Raymond James raised their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and a consensus target price of $116.83.

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.