Thompson Siegel & Walmsley LLC Has $4.83 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Thompson Siegel & Walmsley LLC cut its position in CBRE Group, Inc. (NYSE:CBRE) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,165 shares of the financial services provider’s stock after selling 1,232 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in CBRE Group were worth $4,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harris Associates L P boosted its holdings in CBRE Group by 4.5% during the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after acquiring an additional 683,225 shares during the period. Principal Financial Group Inc. boosted its stake in CBRE Group by 3.0% during the 2nd quarter. Principal Financial Group Inc. now owns 7,146,749 shares of the financial services provider’s stock valued at $636,847,000 after purchasing an additional 210,004 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in CBRE Group by 0.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,087,070 shares of the financial services provider’s stock valued at $542,419,000 after buying an additional 53,142 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of CBRE Group by 164.1% during the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock worth $419,387,000 after buying an additional 2,799,097 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CBRE Group in the fourth quarter valued at approximately $381,164,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research reports. Raymond James boosted their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Morgan Stanley initiated coverage on shares of CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, UBS Group reduced their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.29.

CBRE Group Stock Up 1.0 %

Shares of CBRE Group stock opened at $118.66 on Monday. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $119.18. The business has a fifty day simple moving average of $108.09 and a 200 day simple moving average of $96.35. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The stock has a market cap of $36.41 billion, a PE ratio of 36.97 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Research analysts predict that CBRE Group, Inc. will post 4.81 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the transaction, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the transaction, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the sale, the chief accounting officer now owns 16,606 shares in the company, valued at $1,824,501.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,232 shares of company stock valued at $3,058,787. Corporate insiders own 0.54% of the company’s stock.

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.