Metis Global Partners LLC Sells 3,684 Shares of CBRE Group, Inc. (NYSE:CBRE)

Metis Global Partners LLC cut its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,260 shares of the financial services provider’s stock after selling 3,684 shares during the quarter. Metis Global Partners LLC’s holdings in CBRE Group were worth $1,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. bought a new position in shares of CBRE Group during the third quarter valued at $207,000. Huntington National Bank boosted its holdings in shares of CBRE Group by 14.5% during the 3rd quarter. Huntington National Bank now owns 6,639 shares of the financial services provider’s stock valued at $826,000 after acquiring an additional 839 shares during the last quarter. Plato Investment Management Ltd raised its stake in CBRE Group by 39.2% during the 3rd quarter. Plato Investment Management Ltd now owns 25,348 shares of the financial services provider’s stock valued at $3,152,000 after buying an additional 7,132 shares during the last quarter. Simmons Bank boosted its position in CBRE Group by 7.3% in the third quarter. Simmons Bank now owns 25,746 shares of the financial services provider’s stock worth $3,205,000 after purchasing an additional 1,748 shares during the last quarter. Finally, Community Bank & Trust Waco Texas increased its holdings in CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after buying an additional 93 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CBRE shares. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods lifted their target price on shares of 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 report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target on the stock. Evercore ISI increased their target price on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, 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. Five equities research 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 company’s stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Insider Buying and Selling

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. This trade represents a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE stock opened at $130.23 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1-year low of $76.63 and a 1-year high of $137.93. The business has a 50-day moving average price of $124.93 and a 200 day moving average price of $106.60. The company has a market capitalization of $39.85 billion, a P/E ratio of 41.87 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion for 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 company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. As a group, equities research analysts forecast that CBRE Group, Inc. will post 4.96 EPS for the current fiscal year.

CBRE Group 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.