Sarasin & Partners LLP lessened its holdings in shares of CBRE Group Inc (NYSE:CBG) by 31.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,273 shares of the financial services provider’s stock after selling 22,595 shares during the period. Sarasin & Partners LLP’s holdings in CBRE Group were worth $2,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CBG. Invictus RG acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $104,000. Fieldpoint Private Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $104,000. BB&T Investment Services Inc. acquired a new stake in shares of CBRE Group during the 2nd quarter worth about $125,000. Cerebellum GP LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth about $127,000. Finally, Zions Bancorporation raised its position in shares of CBRE Group by 5,136.8% during the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 3,493 shares in the last quarter. 94.66% of the stock is currently owned by institutional investors and hedge funds.

In other CBRE Group news, Director Holdings L.P. Valueact sold 600,000 shares of CBRE Group stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $42.57, for a total transaction of $25,542,000.00. Following the transaction, the director now owns 267,446 shares of the company’s stock, valued at $11,385,176.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic V. Malek sold 6,900 shares of CBRE Group stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total value of $298,632.00. Following the transaction, the director now directly owns 267,446 shares in the company, valued at approximately $11,575,062.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,960,687 shares of company stock worth $126,486,405. 1.00% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday. Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Friday. Raymond James Financial assumed coverage on CBRE Group in a research report on Tuesday. They set an “outperform” rating and a $55.00 target price on the stock. William Blair reissued an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd. Finally, ValuEngine raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.50.

CBRE Group Inc (NYSE:CBG) opened at $41.90 on Friday. The company has a market capitalization of $14,230.13, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.83. CBRE Group Inc has a 12-month low of $30.86 and a 12-month high of $46.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.08.

CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. equities analysts expect that CBRE Group Inc will post 3.1 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “CBRE Group Inc (CBG) Shares Sold by Sarasin & Partners LLP” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2018/02/10/cbre-group-inc-cbg-shares-sold-by-sarasin-partners-llp.html.

About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

Want to see what other hedge funds are holding CBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group Inc (NYSE:CBG).

Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.