Swedbank AB Cuts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Swedbank AB cut its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,194,968 shares of the financial services provider's stock after selling 105,067 shares during the quarter. Swedbank AB owned about 0.39% of CBRE Group worth $156,887,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after purchasing an additional 3,498,244 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock valued at $329,320,000 after acquiring an additional 993,963 shares during the period. State Street Corp boosted its holdings in shares of CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock valued at $1,672,204,000 after acquiring an additional 692,697 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of CBRE Group by 908.7% in the 3rd quarter. SG Americas Securities LLC now owns 350,935 shares of the financial services provider's stock valued at $43,684,000 after acquiring an additional 316,144 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after acquiring an additional 277,922 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CBRE. Evercore ISI lowered their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.56.

CBRE Group Price Performance

CBRE stock traded up $3.11 during mid-day trading on Thursday, reaching $144.75. The company's stock had a trading volume of 2,046,546 shares, compared to its average volume of 1,838,776. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $134.70 and its two-hundred day moving average is $124.19. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $146.83. The stock has a market cap of $44.30 billion, a PE ratio of 46.54 and a beta of 1.39.

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.