Intech Investment Management LLC Sells 73,926 Shares of CBRE Group, Inc. (NYSE:CBRE)

Intech Investment Management LLC cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 88.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,338 shares of the financial services provider's stock after selling 73,926 shares during the quarter. Intech Investment Management LLC's holdings in CBRE Group were worth $1,162,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CBRE. Lazard Asset Management LLC increased its position in shares of CBRE Group by 5,784.5% during the first quarter. Lazard Asset Management LLC now owns 6,473 shares of the financial services provider's stock valued at $628,000 after acquiring an additional 6,363 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of CBRE Group by 46.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,969 shares of the financial services provider's stock worth $386,000 after purchasing an additional 1,256 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of CBRE Group by 1.1% in the first quarter. California State Teachers Retirement System now owns 523,426 shares of the financial services provider's stock worth $50,898,000 after purchasing an additional 5,827 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of CBRE Group by 188.0% during the first quarter. Tidal Investments LLC now owns 16,453 shares of the financial services provider's stock valued at $1,599,000 after purchasing an additional 10,740 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of CBRE Group by 7.4% during the first quarter. Comerica Bank now owns 91,518 shares of the financial services provider's stock valued at $8,899,000 after buying an additional 6,337 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CBRE. Keefe, Bruyette & Woods upped 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. Citigroup increased their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Finally, Evercore ISI boosted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

CBRE Group Stock Up 1.4 %

Shares of CBRE stock opened at $142.36 on Wednesday. The company has a 50 day simple moving average of $127.66 and a two-hundred day simple moving average of $109.52. The stock has a market cap of $43.57 billion, a P/E ratio of 45.16 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $78.18 and a 12 month high of $142.36. 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 posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group's revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. On average, research analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current 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.