CBRE Group, Inc. (NYSE:CBRE) Stake Lessened by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,165 shares of the financial services provider’s stock after selling 1,232 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in CBRE Group were worth $4,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of CBRE Group in the 4th quarter worth $381,164,000. Wellington Management Group LLP grew its holdings in CBRE Group by 164.1% during the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock worth $419,387,000 after acquiring an additional 2,799,097 shares during the period. Swedbank AB bought a new stake in CBRE Group in the first quarter worth about $162,576,000. Parnassus Investments LLC bought a new position in shares of CBRE Group during the 4th quarter valued at about $104,277,000. Finally, Harris Associates L P grew its stake in shares of CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after purchasing an additional 683,225 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

NYSE CBRE opened at $118.66 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $36.41 billion, a price-to-earnings ratio of 36.97 and a beta of 1.40. The company has a 50 day simple moving average of $108.09 and a 200-day simple moving average of $96.35. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $119.18.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The company had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts predict that CBRE Group, Inc. will post 4.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CBRE shares. UBS Group reduced their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Morgan Stanley started coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and upped their target price for the company from $100.00 to $123.00 in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.29.

Insider Activity

In related news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Daniel G. Queenan sold 10,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. The disclosure for this sale can be found here. Insiders sold a total of 27,232 shares of company stock worth $3,058,787 in the last three months. 0.54% of the stock is owned by insiders.

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.