Rockefeller Capital Management L.P. Sells 4,037 Shares of CBRE Group, Inc. (NYSE:CBRE)

Rockefeller Capital Management L.P. cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,081 shares of the financial services provider's stock after selling 4,037 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in CBRE Group were worth $2,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the third quarter worth $27,000. American National Bank & Trust acquired a new position in CBRE Group in the 3rd quarter worth about $28,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CBRE shares. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Evercore ISI lifted their price objective 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. Wolfe Research upgraded shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday. They set a "buy" rating and a $176.00 target price on the stock. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $129.63.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE CBRE traded up $1.46 during trading hours on Friday, hitting $137.88. 1,148,409 shares of the company's stock were exchanged, compared to its average volume of 1,932,171. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company's 50-day moving average price is $130.27 and its 200-day moving average price is $112.08. The stock has a market capitalization of $42.19 billion, a price-to-earnings ratio of 44.33 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $80.97 and a 1-year high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. CBRE Group's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.99 earnings per share 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.