Segall Bryant & Hamill LLC Decreases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Segall Bryant & Hamill LLC reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,129 shares of the financial services provider’s stock after selling 1,033 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in CBRE Group were worth $11,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. Janney Montgomery Scott LLC acquired a new position in CBRE Group in the 1st quarter valued at about $336,000. O Shaughnessy Asset Management LLC increased its holdings in CBRE Group by 14.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,132 shares of the financial services provider’s stock valued at $2,055,000 after purchasing an additional 2,673 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of CBRE Group in the first quarter worth about $2,820,000. Pitcairn Co. grew its stake in shares of CBRE Group by 14.7% in the first quarter. Pitcairn Co. now owns 3,465 shares of the financial services provider’s stock valued at $337,000 after buying an additional 443 shares in the last quarter. Finally, Natixis raised its holdings in shares of CBRE Group by 69.0% during the 1st quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after buying an additional 22,464 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

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

CBRE Group Stock Performance

Shares of CBRE stock opened at $131.78 on Thursday. The stock has a market capitalization of $40.33 billion, a price-to-earnings ratio of 42.37 and a beta of 1.39. CBRE Group, Inc. has a one year low of $76.63 and a one year high of $137.93. The company’s 50-day simple moving average is $126.21 and its 200-day simple moving average is $107.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the business posted $0.72 EPS. CBRE Group’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

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.