DekaBank Deutsche Girozentrale Sells 44,697 Shares of CBRE Group, Inc. (NYSE:CBRE)

DekaBank Deutsche Girozentrale lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.5% during the second quarter, HoldingsChannel.com reports. The fund owned 380,506 shares of the financial services provider’s stock after selling 44,697 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CBRE Group were worth $33,441,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CBRE. Gilbert & Cook Inc. grew its position in shares of CBRE Group by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 6,081 shares of the financial services provider’s stock worth $566,000 after buying an additional 322 shares during the period. Private Advisor Group LLC increased its stake in CBRE Group by 3.0% in the fourth quarter. Private Advisor Group LLC now owns 8,315 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 243 shares in the last quarter. Gryphon Financial Partners LLC bought a new stake in CBRE Group in the fourth quarter valued at $240,000. Massachusetts Financial Services Co. MA boosted its position in shares of CBRE Group by 10.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 79,948 shares of the financial services provider’s stock worth $7,442,000 after purchasing an additional 7,262 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of CBRE Group in the 4th quarter valued at about $239,000. Institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,232 shares of company stock valued at $3,058,787. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $100.00 to $123.00 in a research note on Friday, July 26th. UBS Group lowered their target price 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. Morgan Stanley began coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Raymond James upped their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.29.

CBRE Group Stock Performance

Shares of CBRE stock opened at $118.66 on Friday. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $119.18. The company has a market cap of $36.36 billion, a P/E ratio of 36.97 and a beta of 1.40. The firm has a 50-day moving average of $108.09 and a 200-day moving average of $96.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion for 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 company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. Equities research analysts forecast 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.