Greenland Capital Management LP Sells 2,418 Shares of CBRE Group, Inc. (NYSE:CBRE)

Greenland Capital Management LP cut its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,600 shares of the financial services provider's stock after selling 2,418 shares during the period. Greenland Capital Management LP's holdings in CBRE Group were worth $1,523,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of CBRE Group in the fourth quarter worth approximately $514,609,000. Artisan Partners Limited Partnership boosted its position in CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after buying an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in CBRE Group in the 4th quarter worth $190,695,000. Manning & Napier Advisors LLC purchased a new position in shares of CBRE Group in the fourth quarter valued at about $175,978,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of CBRE Group by 11,750.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after acquiring an additional 1,222,558 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 0.7 %

Shares of NYSE:CBRE traded down $0.76 during midday trading on Friday, reaching $115.89. The company's stock had a trading volume of 2,605,133 shares, compared to its average volume of 1,809,089. 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 firm has a 50 day moving average of $132.59 and a 200-day moving average of $132.32. The firm has a market capitalization of $34.75 billion, a P/E ratio of 36.91 and a beta of 1.26. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75.

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CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent analyst reports. Morgan Stanley raised their target price on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reduced 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. Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Three 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's stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $151.33.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on 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 owns 107,343 shares of the company's stock, valued at $13,491,941.67. This 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.

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.