CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP cut its position in CBRE Group, Inc. (NYSE:CBRE) by 79.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,170 shares of the financial services provider’s stock after selling 12,300 shares during the quarter. Bayesian Capital Management LP’s holdings in CBRE Group were worth $416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRE. Hudson Valley Investment Advisors Inc. ADV acquired a new position in CBRE Group during the 4th quarter worth $1,518,000. Merit Financial Group LLC bought a new stake in CBRE Group in the fourth quarter valued at about $256,000. Fulton Bank N.A. raised its stake in CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 19,227 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in CBRE Group during the 4th quarter worth approximately $175,978,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of CBRE Group by 12.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock worth $391,752,000 after acquiring an additional 338,298 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.9 %

NYSE:CBRE opened at $125.05 on Thursday. The stock has a market cap of $37.28 billion, a price-to-earnings ratio of 39.82 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The business has a fifty day moving average of $125.06 and a 200-day moving average of $131.99.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. CBRE Group’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were 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 of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,424 shares of company stock worth $431,064 over the last three months. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.22.

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.