Sumitomo Mitsui Trust Holdings Inc. Sells 58,450 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in CBRE Group, Inc. (NYSE:CBRE) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 763,235 shares of the financial services provider’s stock after selling 58,450 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of CBRE Group worth $68,012,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Mather Group LLC. lifted its holdings in CBRE Group by 8.7% during the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after buying an additional 138 shares during the period. Humankind Investments LLC raised its position in shares of CBRE Group by 5.3% during the fourth quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 146 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of CBRE Group by 0.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock worth $3,955,000 after acquiring an additional 149 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in CBRE Group by 18.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,023 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 156 shares during the last quarter. Finally, Hilltop National Bank increased its position in CBRE Group by 13.2% during the 2nd quarter. Hilltop National Bank now owns 1,395 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 163 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 3,311 shares of the company’s 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 sale, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 71,969 shares of the company’s stock, valued at approximately $7,836,704.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,385 shares of company stock worth $697,223. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group dropped 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. Morgan Stanley assumed 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 target on the stock. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods upped their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $100.00 to $123.00 in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.29.

CBRE Group Stock Up 1.0 %

Shares of CBRE traded up $1.16 during trading hours on Friday, hitting $111.73. The stock had a trading volume of 1,455,593 shares, compared to its average volume of 1,674,387. The firm has a 50 day simple moving average of $97.32 and a 200-day simple moving average of $92.57. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $114.51. 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 firm has a market capitalization of $34.28 billion, a P/E ratio of 34.81 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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 return on equity of 12.74% and a net margin of 2.79%. 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 firm posted $0.82 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts predict that CBRE Group, Inc. will post 4.84 EPS for the current fiscal year.

CBRE Group Company Profile

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.