M.D. Sass LLC Sells 85,006 Shares of CBRE Group, Inc. (NYSE:CBRE)

M.D. Sass LLC decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 18.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385,221 shares of the financial services provider’s stock after selling 85,006 shares during the period. CBRE Group makes up 3.8% of M.D. Sass LLC’s holdings, making the stock its 17th biggest holding. M.D. Sass LLC’s holdings in CBRE Group were worth $50,576,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in shares of CBRE Group by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock worth $924,223,000 after buying an additional 277,922 shares during the period. Empowered Funds LLC grew its holdings in CBRE Group by 10.3% in the third quarter. Empowered Funds LLC now owns 4,774 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 446 shares during the period. King Luther Capital Management Corp bought a new stake in CBRE Group in the third quarter valued at $225,000. Meridian Wealth Management LLC raised its holdings in shares of CBRE Group by 2.1% during the third quarter. Meridian Wealth Management LLC now owns 5,121 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 106 shares during the period. Finally, Great Valley Advisor Group Inc. bought a new position in shares of CBRE Group during the 3rd quarter worth about $217,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CBRE shares. Morgan Stanley boosted their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Stock Up 3.3 %

CBRE Group stock opened at $134.04 on Tuesday. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm’s 50-day simple moving average is $137.55 and its 200 day simple moving average is $131.90. The stock has a market cap of $40.22 billion, a PE ratio of 42.69 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Research analysts predict that CBRE Group, Inc. will post 5.99 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.