CBRE Group, Inc. (NYSE:CBRE) Stock Position Reduced by Ycg LLC

Ycg LLC reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 389,065 shares of the financial services provider’s stock after selling 1,280 shares during the quarter. CBRE Group accounts for 3.7% of Ycg LLC’s portfolio, making the stock its 11th largest position. Ycg LLC owned about 0.13% of CBRE Group worth $48,431,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CBRE. American National Bank & Trust purchased a new stake in shares of CBRE Group during the third quarter worth $28,000. Benjamin F. Edwards & Company Inc. grew its position in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of CBRE Group in the first quarter valued at about $30,000. Wolff Wiese Magana LLC grew its position in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in shares of CBRE Group in the third quarter valued at about $40,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of recent research reports. Raymond James lifted their target price on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Evercore ISI raised their price target on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, Morgan Stanley started coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Insider Buying and Selling

In other news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,232 shares of company stock worth $2,839,047. 0.54% of the stock is owned by insiders.

CBRE Group Stock Performance

CBRE stock traded up $4.03 during mid-day trading on Friday, hitting $136.08. The company had a trading volume of 1,691,087 shares, compared to its average volume of 1,857,418. The stock’s fifty day moving average price is $123.38 and its two-hundred day moving average price is $105.41. CBRE Group, Inc. has a 12 month low of $71.96 and a 12 month high of $137.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $41.64 billion, a PE ratio of 43.76 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share 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 analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, analysts forecast that CBRE Group, Inc. will post 4.96 earnings per share for the current fiscal year.

About CBRE Group

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.