Desjardins Global Asset Management Inc. Cuts Position in CBRE Group, Inc. (NYSE:CBRE)

Desjardins Global Asset Management Inc. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 95.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 417 shares of the financial services provider’s stock after selling 9,856 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in CBRE Group were worth $39,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Harris Associates L P increased its position in shares of CBRE Group by 4.0% in the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock valued at $1,131,677,000 after buying an additional 586,661 shares in the last quarter. FMR LLC increased its position in shares of CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock valued at $699,157,000 after buying an additional 288,287 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CBRE Group by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock valued at $522,405,000 after buying an additional 148,971 shares in the last quarter. Invesco Ltd. increased its position in shares of CBRE Group by 0.4% in the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock valued at $523,208,000 after buying an additional 28,316 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of CBRE Group by 15.1% in the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after buying an additional 894,521 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Raymond James lifted their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Jefferies Financial Group assumed coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Finally, TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group has an average rating of “Hold” and an average target price of $99.50.

Insiders Place Their Bets

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,592 shares of company stock valued at $3,675,752. Insiders own 0.53% of the company’s stock.

CBRE Group Stock Down 0.3 %

Shares of NYSE:CBRE opened at $84.90 on Friday. The stock’s 50-day moving average price is $92.40 and its two-hundred day moving average price is $84.79. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $98.65. The firm has a market cap of $26.06 billion, a price-to-earnings ratio of 26.78 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period last year, the company earned $1.33 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. On average, research analysts forecast that CBRE Group, Inc. will post 4.44 EPS for the current 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.