Stifel Financial Corp Decreases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Stifel Financial Corp lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,111 shares of the financial services provider's stock after selling 6,282 shares during the quarter. Stifel Financial Corp's holdings in CBRE Group were worth $5,615,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Algert Global LLC acquired a new stake in CBRE Group in the 3rd quarter worth about $1,829,000. Charles Schwab Investment Management Inc. grew its holdings in shares of CBRE Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,876,724 shares of the financial services provider's stock valued at $233,615,000 after purchasing an additional 16,202 shares during the last quarter. Cornerstone Advisors LLC grew its holdings in shares of CBRE Group by 29.9% during the 3rd quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider's stock valued at $2,054,000 after purchasing an additional 3,800 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of CBRE Group by 6.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider's stock valued at $28,810,000 after purchasing an additional 20,717 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in CBRE Group by 110.7% during the 2nd quarter. Federated Hermes Inc. now owns 8,879 shares of the financial services provider's stock worth $791,000 after acquiring an additional 4,665 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective on the stock. 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 report on Friday, October 4th. Finally, Keefe, Bruyette & Woods boosted 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 report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.63.

CBRE Group Stock Down 1.7 %

Shares of CBRE stock traded down $2.39 on Friday, hitting $137.30. The stock had a trading volume of 2,045,015 shares, compared to its average volume of 1,690,342. The business has a 50 day moving average of $131.69 and a 200 day moving average of $113.82. The stock has a market cap of $42.02 billion, a price-to-earnings ratio of 44.15 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. The firm 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%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction dated 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 owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

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.