CBRE Group, Inc. (NYSE:CBRE) Stake Lessened by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 20.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,918 shares of the financial services provider’s stock after selling 500 shares during the period. Pathway Financial Advisors LLC’s holdings in CBRE Group were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CBRE. Wellington Management Group LLP raised 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 acquiring an additional 2,799,097 shares in the last quarter. Swedbank AB purchased a new stake in shares of CBRE Group during the first quarter worth $162,576,000. Harris Associates L P raised its holdings in shares of 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 worth $1,489,919,000 after acquiring an additional 683,225 shares in the last quarter. Eminence Capital LP raised its holdings in shares of CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after acquiring an additional 453,406 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of CBRE Group during the second quarter worth $36,820,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Vikramaditya Kohli sold 1,074 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,232 shares of company stock worth $3,058,787. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CBRE. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Morgan Stanley began coverage on CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. UBS Group lowered their price target on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Finally, 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. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $113.83.

CBRE Group Stock Up 1.5 %

Shares of CBRE opened at $121.03 on Wednesday. The stock has a market cap of $37.13 billion, a price-to-earnings ratio of 37.70 and a beta of 1.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $125.43. The company has a 50-day moving average price of $115.82 and a two-hundred day moving average price of $99.55.

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