Safeguard Financial LLC Decreases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Safeguard Financial LLC cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 11.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,872 shares of the financial services provider’s stock after selling 509 shares during the quarter. Safeguard Financial LLC’s holdings in CBRE Group were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CBRE. Principal Financial Group Inc. lifted its holdings in CBRE Group by 3.0% in 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 in the last quarter. Allspring Global Investments Holdings LLC lifted 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 purchasing an additional 53,142 shares in the last quarter. Earnest Partners LLC lifted its holdings in CBRE Group by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 3,636,908 shares of the financial services provider’s stock valued at $324,085,000 after purchasing an additional 54,510 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in CBRE Group by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,317,751 shares of the financial services provider’s stock valued at $295,640,000 after purchasing an additional 142,088 shares in the last quarter. Finally, Vulcan Value Partners LLC lifted its holdings in CBRE Group by 4.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,666,141 shares of the financial services provider’s stock valued at $237,323,000 after purchasing an additional 123,108 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.6 %

NYSE:CBRE opened at $122.77 on Wednesday. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $125.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day simple moving average of $117.14 and a 200 day simple moving average of $100.60. The firm has a market capitalization of $37.67 billion, a P/E ratio of 38.25 and a beta of 1.40.

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

Insider Buying and Selling

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group 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 of the company’s stock, valued at $1,824,501.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the sale, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock valued at $3,058,787 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of research analyst reports. Evercore ISI upped their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Raymond James upped their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. UBS Group decreased their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley started coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.83.

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.