CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 82.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,900 shares of the financial services provider’s stock after selling 52,680 shares during the quarter. Centersquare Investment Management LLC’s holdings in CBRE Group were worth $1,431,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CBRE. Norges Bank purchased a new stake in shares of CBRE Group in the fourth quarter valued at $514,609,000. Artisan Partners Limited Partnership raised its stake in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after purchasing an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in CBRE Group in the 4th quarter valued at about $190,695,000. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth about $175,978,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider’s stock worth $161,876,000 after purchasing an additional 1,222,558 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 7.1 %

Shares of CBRE Group stock opened at $123.76 on Friday. The company has a fifty day moving average price of $136.75 and a 200 day moving average price of $132.49. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a market cap of $37.13 billion, a price-to-earnings ratio of 39.41 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $149.89.

About CBRE Group

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.