Greenfield Savings Bank Cuts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Greenfield Savings Bank lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,886 shares of the financial services provider’s stock after selling 190 shares during the quarter. Greenfield Savings Bank’s holdings in CBRE Group were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in CBRE Group by 15.2% in the third quarter. GAMMA Investing LLC now owns 4,740 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 625 shares in the last quarter. Czech National Bank boosted its stake in CBRE Group by 6.8% in the third quarter. Czech National Bank now owns 61,359 shares of the financial services provider’s stock valued at $7,638,000 after acquiring an additional 3,886 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in CBRE Group by 6.2% in the third quarter. Handelsbanken Fonder AB now owns 15,726 shares of the financial services provider’s stock valued at $1,958,000 after acquiring an additional 917 shares in the last quarter. SG Americas Securities LLC boosted its stake in CBRE Group by 908.7% in the third quarter. SG Americas Securities LLC now owns 350,935 shares of the financial services provider’s stock valued at $43,684,000 after acquiring an additional 316,144 shares in the last quarter. Finally, American National Bank & Trust acquired a new position in CBRE Group in the third quarter valued at $28,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 1.3 %

NYSE CBRE opened at $119.22 on Tuesday. The stock has a market capitalization of $36.58 billion, a P/E ratio of 37.14 and a beta of 1.40. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $125.43. The firm has a 50-day moving average price of $115.65 and a 200 day moving average price of $99.41. 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 (NYSE:CBRE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. Equities research analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the transaction, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, 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 completion of the transaction, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at $24,894,168.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the transaction, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,232 shares of company stock valued at $3,058,787. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Raymond James increased their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. 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 target price for the company. Finally, UBS Group decreased their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.83.

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.