CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 95.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417 shares of the financial services provider’s stock after selling 9,856 shares during the period. Desjardins Global Asset Management Inc.’s holdings in CBRE Group were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. SVB Wealth LLC boosted its stake in CBRE Group by 33.6% in the 4th quarter. SVB Wealth LLC now owns 8,037 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 2,023 shares in the last quarter. Conning Inc. purchased a new position in CBRE Group during the 4th quarter worth approximately $214,000. Vontobel Holding Ltd. raised its position in CBRE Group by 24.5% during the 4th quarter. Vontobel Holding Ltd. now owns 21,053 shares of the financial services provider’s stock worth $1,960,000 after buying an additional 4,138 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of CBRE Group during the 4th quarter valued at approximately $1,713,000. Finally, NewEdge Wealth LLC purchased a new position in shares of CBRE Group during the 4th quarter valued at approximately $231,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.53% of the stock is currently owned by insiders.

CBRE Group Trading Down 0.3 %

Shares of CBRE stock opened at $84.90 on Friday. The company’s 50-day moving average price is $92.40 and its 200-day moving average price is $84.79. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The stock has a market cap of $26.06 billion, a price-to-earnings ratio of 26.78 and a beta of 1.42. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 4.44 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CBRE shares. Evercore ISI lifted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Jefferies Financial Group started coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Raymond James lifted their target price on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Finally, StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $99.50.

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.