Hahn Capital Management LLC Sells 39,599 Shares of CBRE Group, Inc. (NYSE:CBRE)

Hahn Capital Management LLC cut its position in CBRE Group, Inc. (NYSE:CBRE) by 33.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,850 shares of the financial services provider’s stock after selling 39,599 shares during the period. CBRE Group makes up 6.2% of Hahn Capital Management LLC’s holdings, making the stock its largest position. Hahn Capital Management LLC’s holdings in CBRE Group were worth $9,691,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CBRE. American National Bank & Trust acquired a new stake in CBRE Group during the third quarter worth about $28,000. Wolff Wiese Magana LLC grew its holdings in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the period. Crewe Advisors LLC acquired a new stake in CBRE Group during the first quarter worth about $30,000. Asset Dedication LLC acquired a new stake in CBRE Group during the third quarter worth about $40,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on 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 owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on 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 owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group stock in a transaction that occurred on Monday, August 12th. The stock was 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 in the company, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,232 shares of company stock worth $2,839,047 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CBRE shares. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Raymond James increased their price target on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. UBS Group lowered their price target on 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 started coverage on 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. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $113.83.

CBRE Group Stock Performance

NYSE CBRE opened at $133.50 on Friday. The company has a market cap of $40.96 billion, a PE ratio of 41.59 and a beta of 1.40. The stock’s 50 day simple moving average is $118.97 and its 200-day simple moving average is $101.77. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $136.06. 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 (NYSE:CBRE) last released 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. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 4.81 EPS 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.