BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 60,781 Shares of CBRE Group, Inc. (NYSE:CBRE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 15.8% in the third quarter, Holdings Channel reports. The firm owned 323,926 shares of the financial services provider’s stock after selling 60,781 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in CBRE Group were worth $40,322,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB bought a new position in shares of CBRE Group during the first quarter valued at $162,576,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of 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 last quarter. Eminence Capital LP grew its stake in shares of CBRE Group by 42.6% in the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after acquiring an additional 453,406 shares during the period. Maverick Capital Ltd. bought a new position in CBRE Group during the second quarter valued at approximately $36,820,000. Finally, Long Pond Capital LP purchased a new stake in CBRE Group in the second quarter worth approximately $29,941,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CBRE shares. Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Raymond James upped their target price on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Evercore ISI boosted their price objective 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 lifted their target price on 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 analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

CBRE Group Price Performance

NYSE:CBRE opened at $131.60 on Friday. The stock has a market cap of $40.27 billion, a PE ratio of 42.31 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $126.49 and its two-hundred day simple moving average is $108.15. CBRE Group, Inc. has a 52 week low of $77.97 and a 52 week high of $137.93.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. As a group, analysts forecast that CBRE Group, Inc. will post 4.94 EPS for the current fiscal year.

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.