Robeco Institutional Asset Management B.V. Sells 206,375 Shares of CBRE Group, Inc. (NYSE:CBRE)

Robeco Institutional Asset Management B.V. lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,777,492 shares of the financial services provider’s stock after selling 206,375 shares during the period. CBRE Group makes up 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 27th biggest holding. Robeco Institutional Asset Management B.V. owned about 0.93% of CBRE Group worth $363,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Meridian Wealth Management LLC raised its holdings in shares of CBRE Group by 1.4% in the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock worth $682,000 after acquiring an additional 71 shares during the last quarter. Signaturefd LLC increased its holdings in CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc raised its stake in shares of CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 100 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in shares of CBRE Group by 2.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 104 shares during the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of CBRE Group by 6.4% in the first quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 2.7%

Shares of CBRE stock opened at $135.39 on Thursday. CBRE Group, Inc. has a 12-month low of $85.74 and a 12-month high of $147.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $126.94 and a 200-day moving average of $130.94. The firm has a market cap of $40.36 billion, a P/E ratio of 41.40 and a beta of 1.29.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now owns 105,371 shares of the company’s stock, valued at $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,599 shares of company stock valued at $333,600. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several recent research reports. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. UBS Group dropped their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price target on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. 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, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $150.33.

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.