CBRE Group, Inc. (NYSE:CBRE) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 7.5% in the third quarter, Holdings Channel reports. The firm owned 12,300 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in CBRE Group were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CBRE. Wealthcare Advisory Partners LLC acquired a new stake in shares of CBRE Group in the 1st quarter worth $314,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CBRE Group by 20.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the financial services provider’s stock worth $1,480,000 after acquiring an additional 2,615 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in shares of CBRE Group by 35.9% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 34,246 shares of the financial services provider’s stock worth $3,330,000 after acquiring an additional 9,052 shares during the period. First Trust Direct Indexing L.P. lifted its stake in shares of CBRE Group by 39.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 8,273 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 2,323 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of CBRE Group by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,700 shares of the financial services provider’s stock worth $1,041,000 after acquiring an additional 242 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $360,534.79. Following the sale, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at $7,836,704.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s 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 sale, the chief executive officer now directly 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. In the last three months, insiders sold 25,232 shares of company stock worth $2,839,047. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CBRE. Keefe, Bruyette & Woods raised 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. Morgan Stanley assumed coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. UBS Group cut their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Finally, Evercore ISI increased their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.83.

CBRE Group Stock Performance

NYSE:CBRE opened at $132.54 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $119.43 and a two-hundred day moving average price of $101.99. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $136.06. The company has a market capitalization of $40.67 billion, a P/E ratio of 41.29 and a beta of 1.40.

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

CBRE Group 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.