IFM Investors Pty Ltd Sells 7,475 Shares of CBRE Group, Inc. (NYSE:CBRE)

IFM Investors Pty Ltd lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,449 shares of the financial services provider’s stock after selling 7,475 shares during the quarter. IFM Investors Pty Ltd’s holdings in CBRE Group were worth $8,023,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. American National Bank & Trust bought a new stake in shares of CBRE Group in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC increased its stake 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 purchasing an additional 283 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of CBRE Group during the first quarter valued at about $30,000. Asset Dedication LLC bought a new position in shares of CBRE Group during the 3rd quarter worth about $40,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after buying an additional 215 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares of the company’s stock, valued at $5,739,328. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the business’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 directly owns 51,244 shares in the company, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s 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 sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,232 shares of company stock valued at $2,839,047. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE stock opened at $132.54 on Friday. 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 50-day moving average of $119.43 and a 200-day moving average of $101.99. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $136.06. The company has a market cap of $40.67 billion, a P/E ratio of 41.29 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last posted 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. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CBRE. Raymond James upped their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Morgan Stanley began 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. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Evercore ISI raised their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, UBS Group reduced their price objective 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. Five investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.83.

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.