CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 941,285 shares of the financial services provider’s stock after selling 8,318 shares during the quarter. Wellington Management Group LLP’s holdings in CBRE Group were worth $117,171,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CBRE. Lindbrook Capital LLC boosted its position in shares of CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 79 shares in the last quarter. Stephens Inc. AR boosted its holdings in CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares in the last quarter. Fidelis Capital Partners LLC grew its position in CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after buying an additional 82 shares during the period. Private Advisor Group LLC lifted its position in shares of CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after acquiring an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas lifted its position in shares of CBRE Group by 0.6% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.54% of the company’s stock.

CBRE Group Price Performance

NYSE:CBRE opened at $137.32 on Tuesday. CBRE Group, Inc. has a 12-month low of $81.62 and a 12-month high of $142.00. The firm has a market cap of $42.02 billion, a price-to-earnings ratio of 44.15 and a beta of 1.39. The company’s 50-day moving average is $130.52 and its two-hundred day moving average is $112.59. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. CBRE Group’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. Research analysts expect that CBRE Group, Inc. will post 4.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CBRE. Keefe, Bruyette & Woods upped their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday. They set a “buy” rating and a $176.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.63.

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.