Swedbank AB Trims Holdings in CBRE Group, Inc. (NYSE:CBRE)

Swedbank AB lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,300,035 shares of the financial services provider's stock after selling 204,702 shares during the period. Swedbank AB owned about 0.42% of CBRE Group worth $161,828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CBRE. Integrated Advisors Network LLC acquired a new position in CBRE Group in the 4th quarter worth about $225,000. Syon Capital LLC increased its stake in shares of CBRE Group by 37.8% in the fourth quarter. Syon Capital LLC now owns 5,548 shares of the financial services provider's stock valued at $516,000 after buying an additional 1,521 shares during the period. Wellington Management Group LLP increased its stake in shares of CBRE Group by 164.1% in the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider's stock valued at $419,387,000 after buying an additional 2,799,097 shares during the period. Fisher Asset Management LLC increased its stake in shares of CBRE Group by 103.8% in the fourth quarter. Fisher Asset Management LLC now owns 44,065 shares of the financial services provider's stock valued at $4,102,000 after buying an additional 22,442 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $230,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods increased their price target on CBRE Group from $110.00 to $120.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 25th. UBS Group cut their target price on CBRE Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 3rd. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Finally, Morgan Stanley began coverage on CBRE Group in a research report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 target price on the stock. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.83.

Insider Activity at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares of the company's stock, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares of the company's stock, valued at $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares of the company's stock, valued at $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is owned by insiders.

CBRE Group Stock Up 0.6 %

NYSE:CBRE traded up $0.68 on Tuesday, hitting $122.77. The stock had a trading volume of 1,616,317 shares, compared to its average volume of 1,630,229. The company has a market cap of $37.67 billion, a PE ratio of 38.06 and a beta of 1.40. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $125.43. The business's fifty day moving average is $116.85 and its 200 day moving average is $100.42. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. On average, equities research analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

CBRE Group 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.