Mission Wealth Management LP cut its position in CBRE Group, Inc. (NYSE:CBRE – Get Rating) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,018 shares of the financial services provider’s stock after selling 718 shares during the period. Mission Wealth Management LP’s holdings in CBRE Group were worth $219,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in CBRE Group by 440.4% in the fourth quarter. Renaissance Technologies LLC now owns 527,383 shares of the financial services provider’s stock worth $57,226,000 after purchasing an additional 429,783 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of CBRE Group by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,767,140 shares of the financial services provider’s stock worth $191,752,000 after acquiring an additional 40,150 shares in the last quarter. Advisor Resource Council increased its position in shares of CBRE Group by 413.9% during the fourth quarter. Advisor Resource Council now owns 24,830 shares of the financial services provider’s stock worth $2,694,000 after acquiring an additional 19,998 shares in the last quarter. Bank of Montreal Can increased its position in shares of CBRE Group by 1.2% during the fourth quarter. Bank of Montreal Can now owns 2,123,075 shares of the financial services provider’s stock worth $230,375,000 after acquiring an additional 25,347 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. increased its position in shares of CBRE Group by 43.8% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 23,000 shares of the financial services provider’s stock worth $2,496,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors own 96.30% of the company’s stock.
In other CBRE Group news, CEO Robert E. Sulentic sold 30,000 shares of CBRE Group stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $90.09, for a total value of $2,702,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Lafitte sold 7,406 shares of CBRE Group stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $98.00, for a total transaction of $725,788.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,110 shares of company stock valued at $4,182,059. 0.43% of the stock is currently owned by corporate insiders.
CBRE Group (NYSE:CBRE – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.29. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.55 billion. CBRE Group had a net margin of 6.74% and a return on equity of 25.00%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Analysts expect that CBRE Group, Inc. will post 6.2 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of CBRE Group in a research report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of CBRE Group from a “buy” rating to a “hold” rating and set a $87.00 target price for the company. in a research report on Wednesday, April 27th. Raymond James decreased their target price on shares of CBRE Group from $126.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 26th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Tuesday, April 5th. They issued a “buy” rating and a $111.00 target price for the company. Finally, Wolfe Research decreased their target price on shares of CBRE Group from $171.00 to $116.00 and set an “outperform” rating for the company in a research report on Thursday, March 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $108.00.
CBRE Group Profile (Get Rating)
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.
- Get a free copy of the StockNews.com research report on CBRE Group (CBRE)
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