CBRE Group, Inc. (NYSE:CBRE) Holdings Decreased by DF Dent & Co. Inc.

DF Dent & Co. Inc. decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 30.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,464,506 shares of the financial services provider’s stock after selling 649,120 shares during the quarter. CBRE Group accounts for approximately 2.2% of DF Dent & Co. Inc.’s holdings, making the stock its 16th biggest position. DF Dent & Co. Inc.’s holdings in CBRE Group were worth $182,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CBRE. FMR LLC grew its holdings in shares of CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in CBRE Group by 60.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after purchasing an additional 993,963 shares in the last quarter. State Street Corp grew its stake in CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares in the last quarter. Eminence Capital LP grew its stake in CBRE Group by 42.6% in the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock valued at $135,287,000 after purchasing an additional 453,406 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in CBRE Group in the second quarter valued at about $36,820,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE opened at $137.88 on Friday. The company has a market cap of $42.19 billion, a PE ratio of 44.33 and a beta of 1.39. The stock has a 50-day moving average of $129.97 and a 200-day moving average of $111.60. CBRE Group, Inc. has a 52-week low of $80.97 and a 52-week high of $142.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday. They issued a “buy” rating and a $176.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Evercore ISI boosted their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $129.63.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

About CBRE Group

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.