Crossmark Global Holdings Inc. Cuts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Crossmark Global Holdings Inc. lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,559 shares of the financial services provider’s stock after selling 3,981 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CBRE Group were worth $7,290,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after buying an additional 79 shares during the period. Stephens Inc. AR boosted its position in CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 80 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 82 shares during the last quarter. Private Advisor Group LLC raised its holdings in CBRE Group by 1.2% in the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 90 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of CBRE Group by 2.5% during the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $136.08 on Monday. CBRE Group, Inc. has a 52 week low of $71.96 and a 52 week high of $137.09. The business’s 50 day moving average price is $123.38 and its 200 day moving average price is $105.41. 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 firm has a market cap of $41.64 billion, a P/E ratio of 43.76 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.96 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares of the company’s stock, valued at $5,739,328. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated 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 $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Morgan Stanley initiated coverage on CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target on the stock. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

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.