CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 249,648 shares of the financial services provider’s stock after selling 44,685 shares during the quarter. Citigroup Inc.’s holdings in CBRE Group were worth $31,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank & Trust purchased a new position in shares of CBRE Group in the 3rd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. grew its position in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares during the period. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the third quarter valued at about $32,000. Wolff Wiese Magana LLC increased its holdings in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in shares of CBRE Group during the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several research analyst reports. Evercore ISI raised their price objective on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $138.74 on Tuesday. The company has a 50-day simple moving average of $127.21 and a 200-day simple moving average of $109.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $42.46 billion, a PE ratio of 44.61 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $78.18 and a 12 month high of $140.97.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company earned $0.72 EPS. CBRE Group’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

Insider Activity at CBRE Group

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

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.