CBRE Group, Inc. $CBRE Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 72.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,089 shares of the financial services provider’s stock after selling 34,783 shares during the quarter. Entropy Technologies LP’s holdings in CBRE Group were worth $1,773,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of CBRE Group during the fourth quarter worth $643,405,000. Swedbank AB grew its holdings in CBRE Group by 119.6% in the 1st quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock valued at $348,306,000 after buying an additional 1,400,452 shares during the period. Viking Global Investors LP acquired a new position in shares of CBRE Group during the 3rd quarter valued at about $190,648,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CBRE Group by 5,115.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after acquiring an additional 997,848 shares during the period. Finally, XN LP purchased a new stake in CBRE Group in the fourth quarter valued at approximately $147,134,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

CBRE Group stock opened at $139.50 on Monday. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock has a market cap of $40.85 billion, a P/E ratio of 31.78 and a beta of 1.20. The stock has a 50 day moving average of $134.36 and a 200-day moving average of $143.85.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. The business had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, analysts expect that CBRE Group, Inc. will post 7.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBRE. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Evercore set a $169.00 price target on CBRE Group in a research note on Tuesday, June 30th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barclays boosted their target price on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This trade represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by corporate insiders.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.