Nisa Investment Advisors LLC Cuts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Nisa Investment Advisors LLC reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 44.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,444 shares of the financial services provider’s stock after selling 59,500 shares during the period. Nisa Investment Advisors LLC’s holdings in CBRE Group were worth $9,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings 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. Natixis boosted its holdings in CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock worth $5,350,000 after purchasing an additional 22,464 shares during the last quarter. Quantbot Technologies LP purchased a new stake in CBRE Group during the 1st quarter valued at $1,118,000. Nordea Investment Management AB raised its stake in CBRE Group by 1,730.4% during the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock valued at $38,550,000 after buying an additional 372,870 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of CBRE Group by 14.1% during the 1st quarter. BNP Paribas Financial Markets now owns 486,795 shares of the financial services provider’s stock valued at $47,336,000 after buying an additional 60,050 shares during the period. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling at CBRE Group

In other news, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 owns 217,094 shares in the company, valued at $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock valued at $2,839,047 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Stock Up 0.8 %

Shares of CBRE stock opened at $132.02 on Thursday. The company has a market capitalization of $40.40 billion, a price-to-earnings ratio of 42.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average price is $121.02 and its 200-day moving average price is $103.15. CBRE Group, Inc. has a one year low of $67.81 and a one year high of $136.06.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday. Raymond James increased their price objective 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. Evercore ISI boosted their target price on shares of 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 decreased their price target on shares of 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, Morgan Stanley initiated coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective for the company. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.83.

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.