2 weeks Ago By ABMN Staff
Bokf Na decreased its holdings in CBRE Group, Inc. ( NYSE:CBRE – Free Report ) by 30.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 1,103 shares of the financial services provider’s stock after selling 477 shares during the period. Bokf Na’s holdings in CBRE Group were worth $98,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors have also modified their holdings of CBRE.
Norges Bank acquired a new position in shares of CBRE Group in the fourth quarter worth $381,164,000. Wellington Management Group LLP grew its stake in shares of CBRE Group by 164.1% in 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 acquired a new position in shares of CBRE Group in the first quarter worth $162,576,000. Parnassus Investments LLC acquired a new position in shares of CBRE Group during the fourth quarter worth $104,277,000.
Finally, Harris Associates L P grew its stake 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 purchasing an additional 683,225 shares in the last quarter.
Institutional investors and hedge funds own 98.41% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages recently commented on CBRE.
Raymond James boosted 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.
Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $100.00 to $123.00 in a research note on Friday, July 26th.
Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Morgan Stanley began 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, Keefe, Bruyette & Woods boosted 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. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.29. Insider Activity In other news, CAO Lindsey S.
Caplan sold 2,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.
00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this link . In related news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction dated Friday, July 26th.
The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at $24,894,168.
98. 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.
Insiders own 0.54% of the company’s stock. CBRE Group Stock Performance NYSE CBRE opened at $118.
17 on Wednesday. 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, Inc.
has a 1 year low of $64.63 and a 1 year high of $120.79.
The company has a market capitalization of $36.26 billion, a PE ratio of 36.81 and a beta of 1.
40. The company has a fifty day moving average of $109.30 and a two-hundred day moving average of $96.
72. CBRE Group ( NYSE:CBRE – Get Free Report ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.
81 EPS for the quarter, beating 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 business had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion.
During the same period in the prior year, the company earned $0.82 earnings per share. The business’s revenue was up 8.
7% compared to the same quarter last year. As a group, analysts expect that CBRE Group, Inc. will post 4.
81 earnings per share for the current year. About CBRE Group ( Free Report ) 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.
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