Intrust Bank NA Cuts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Intrust Bank NA reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 10,870 shares of the financial services provider’s stock after selling 241 shares during the quarter. Intrust Bank NA’s holdings in CBRE Group were worth $1,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 15.1% in the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock worth $503,786,000 after acquiring an additional 894,521 shares during the last quarter. Eminence Capital LP acquired a new stake in CBRE Group during the third quarter valued at $45,494,000. Harris Associates L P lifted its position in CBRE Group by 4.0% during the 3rd quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock worth $1,131,677,000 after acquiring an additional 586,661 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in CBRE Group by 5.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,824,186 shares of the financial services provider’s stock worth $430,175,000 after buying an additional 294,954 shares in the last quarter. Finally, FMR LLC raised its stake in shares of CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock valued at $699,157,000 after acquiring an additional 288,287 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CBRE shares. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Evercore ISI upped their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Jefferies Financial Group started coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Finally, Raymond James increased their price objective on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Insider Activity

In other news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 in the last quarter. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Down 0.5 %

Shares of CBRE Group stock traded down $0.41 during trading on Tuesday, reaching $87.53. The stock had a trading volume of 70,309 shares, compared to its average volume of 1,615,612. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 27.74 and a beta of 1.42. The stock has a fifty day moving average price of $92.03 and a two-hundred day moving average price of $85.58. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the firm earned $1.33 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Sell-side analysts predict that CBRE Group, Inc. will post 4.45 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.