Grantham Mayo Van Otterloo & Co. LLC Sells 33,202 Shares of CBRE Group, Inc. (NYSE:CBRE)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,356 shares of the financial services provider's stock after selling 33,202 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.08% of CBRE Group worth $30,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in CBRE Group during the 4th quarter valued at about $25,000. Denver PWM LLC bought a new position in shares of CBRE Group in the fourth quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after buying an additional 281 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 238 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in CBRE Group in the 4th quarter worth approximately $58,000. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was 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 of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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CBRE Group Stock Performance

Shares of NYSE:CBRE traded down $1.75 during trading on Friday, hitting $114.91. The company's stock had a trading volume of 1,084,455 shares, compared to its average volume of 1,801,810. 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 cap of $34.46 billion, a price-to-earnings ratio of 36.54 and a beta of 1.26. The company has a 50-day moving average of $133.15 and a 200-day moving average of $132.30. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. cut their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, Morgan Stanley boosted their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $151.33.

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.