Blueshift Asset Management LLC Sells 11,504 Shares of CBRE Group, Inc. (NYSE:CBRE)

Blueshift Asset Management LLC cut its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 69.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,974 shares of the financial services provider’s stock after selling 11,504 shares during the period. Blueshift Asset Management LLC’s holdings in CBRE Group were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 23,290 shares during the last quarter. Czech National Bank raised its stake in CBRE Group by 9.8% during the second quarter. Czech National Bank now owns 57,473 shares of the financial services provider’s stock valued at $5,121,000 after purchasing an additional 5,125 shares in the last quarter. Comerica Bank lifted its position in CBRE Group by 7.4% during the first quarter. Comerica Bank now owns 91,518 shares of the financial services provider’s stock valued at $8,899,000 after purchasing an additional 6,337 shares during the last quarter. Tidal Investments LLC grew its stake in shares of CBRE Group by 188.0% in the 1st quarter. Tidal Investments LLC now owns 16,453 shares of the financial services provider’s stock worth $1,599,000 after buying an additional 10,740 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of CBRE Group by 6.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider’s stock worth $28,810,000 after buying an additional 20,717 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 0.2 %

NYSE:CBRE opened at $140.76 on Thursday. The stock has a fifty day simple moving average of $128.07 and a 200-day simple moving average of $109.74. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $43.07 billion, a price-to-earnings ratio of 45.26 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $78.18 and a twelve month high of $142.00.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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 company had revenue of $9.04 billion during 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 firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Evercore ISI raised their price objective on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Insider Buying and Selling

In related news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.