Adams Diversified Equity Fund Inc. Sells 14,000 Shares of CBRE Group, Inc. (NYSE:CBRE)

Adams Diversified Equity Fund Inc. trimmed its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,700 shares of the financial services provider's stock after selling 14,000 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in CBRE Group were worth $13,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Swedbank AB bought a new position in CBRE Group in the 1st quarter worth $162,576,000. Eminence Capital LP boosted its holdings in CBRE Group by 42.6% in the 2nd quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider's stock worth $135,287,000 after buying an additional 453,406 shares during the period. Maverick Capital Ltd. bought a new position in CBRE Group in the 2nd quarter worth $36,820,000. Delta Global Management LP boosted its holdings in CBRE Group by 266.2% in the 1st quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider's stock worth $52,877,000 after buying an additional 395,297 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in CBRE Group by 1,730.4% in the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider's stock worth $38,550,000 after buying an additional 372,870 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. UBS Group dropped their price objective on shares of CBRE Group from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. Raymond James increased their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a "strong-buy" rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday. Finally, Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $116.83.

Insider Buying and Selling

In related news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated 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 directly owns 51,244 shares of the company's stock, valued at $5,739,328. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Vikramaditya Kohli sold 1,074 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the transaction, the chief operating officer now directly owns 69,226 shares of the company's stock, valued at approximately $7,538,019.14. 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. Also, Director Christopher T. Jenny sold 10,847 shares of the firm's 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 transaction, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,232 shares of company stock valued at $2,839,047 in the last ninety days. 0.54% of the stock is owned by company insiders.

CBRE Group Trading Up 0.8 %

Shares of NYSE:CBRE traded up $1.11 during trading on Wednesday, reaching $132.02. The company's stock had a trading volume of 1,462,792 shares, compared to its average volume of 1,660,679. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12 month low of $67.81 and a 12 month high of $136.06. The firm's 50 day simple moving average is $121.02 and its two-hundred day simple moving average is $103.15. The stock has a market capitalization of $40.51 billion, a PE ratio of 41.13 and a beta of 1.40.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.79% and a return on equity of 12.74%. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts predict 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.