CBRE Group, Inc. $CBRE Shares Sold by Third View Private Wealth LLC

Third View Private Wealth LLC lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 41.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,177 shares of the financial services provider’s stock after selling 5,696 shares during the quarter. Third View Private Wealth LLC’s holdings in CBRE Group were worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Provenance Wealth Advisors LLC raised its stake in CBRE Group by 15,200.0% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 765 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 760 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in CBRE Group by 16.5% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,687 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 805 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $9,211,000. Profund Advisors LLC boosted its stake in shares of CBRE Group by 38.3% during the 3rd quarter. Profund Advisors LLC now owns 5,300 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Vise Technologies Inc. grew its holdings in shares of CBRE Group by 20.0% during the third quarter. Vise Technologies Inc. now owns 5,120 shares of the financial services provider’s stock worth $658,000 after buying an additional 854 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other CBRE Group news, insider Chad Doellinger sold 228 shares of CBRE Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $33,810.12. Following the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares in the company, valued at approximately $16,086,350.91. This trade represents a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Trading Down 1.0%

NYSE CBRE opened at $135.43 on Wednesday. The company has a market cap of $39.03 billion, a P/E ratio of 29.00 and a beta of 1.24. CBRE Group, Inc. has a 12 month low of $121.44 and a 12 month high of $174.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50-day moving average of $135.75 and a 200-day moving average of $141.66.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.09. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. The business had revenue of $11.52 billion for the quarter, compared to analysts’ expectations of $11.81 billion. During the same period last year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that CBRE Group, Inc. will post 7.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. JPMorgan Chase & Co. decreased their target price on shares of CBRE Group from $190.00 to $186.00 in a research report on Tuesday, October 13th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Jefferies Financial Group cut their price target on CBRE Group from $180.00 to $164.00 in a report on Monday, October 12th. Finally, Barclays increased their price target on CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $182.78.

About CBRE Group

CBRE Group, Inc (NYSE:CBRE) is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.

Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.