CBRE Group, Inc. (NYSE:CBRE) Stake Reduced by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 15.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,926 shares of the financial services provider’s stock after selling 60,781 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.11% of CBRE Group worth $40,322,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CBRE. O Shaughnessy Asset Management LLC lifted its position in shares of CBRE Group by 14.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,132 shares of the financial services provider’s stock valued at $2,055,000 after acquiring an additional 2,673 shares in the last quarter. Pitcairn Co. lifted its position in shares of CBRE Group by 14.7% during the 1st quarter. Pitcairn Co. now owns 3,465 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 443 shares during the last quarter. Crewe Advisors LLC acquired a new position in CBRE Group during the 1st quarter valued at $30,000. Capital World Investors grew its position in CBRE Group by 194.7% during the first quarter. Capital World Investors now owns 156,366 shares of the financial services provider’s stock worth $15,205,000 after buying an additional 103,300 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of CBRE Group during the first quarter valued at approximately $4,024,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 0.1 %

Shares of NYSE:CBRE opened at $131.60 on Friday. The business’s 50 day simple moving average is $126.49 and its two-hundred day simple moving average is $108.15. CBRE Group, Inc. has a 52-week low of $77.97 and a 52-week high of $137.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $40.27 billion, a P/E ratio of 42.31 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its earnings results 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 company had revenue of $9.04 billion during 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 firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. As a group, research analysts forecast that CBRE Group, Inc. will post 4.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of analyst reports. Raymond James lifted their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Evercore ISI lifted their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods upped 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. Morgan Stanley started 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. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Insider Buying and Selling

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

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.