Sentry Investment Management LLC Sells 1,565 Shares of CBRE Group Inc (CBRE)

Sentry Investment Management LLC cut its holdings in shares of CBRE Group Inc (NYSE:CBRE) by 8.2% during the first quarter, HoldingsChannel reports. The firm owned 17,630 shares of the financial services provider’s stock after selling 1,565 shares during the period. Sentry Investment Management LLC’s holdings in CBRE Group were worth $872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CBRE. Hosking Partners LLP raised its holdings in shares of CBRE Group by 4.2% in the first quarter. Hosking Partners LLP now owns 2,147,451 shares of the financial services provider’s stock worth $106,191,000 after buying an additional 86,220 shares during the last quarter. Fiduciary Trust Co. purchased a new position in shares of CBRE Group in the first quarter worth $1,223,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of CBRE Group by 5.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,259 shares of the financial services provider’s stock worth $903,000 after buying an additional 964 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of CBRE Group by 26.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 284,226 shares of the financial services provider’s stock worth $14,055,000 after buying an additional 59,407 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of CBRE Group in the first quarter worth $329,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.

Shares of CBRE Group stock traded up $0.86 during trading on Friday, hitting $48.21. 34,533 shares of the company’s stock were exchanged, compared to its average volume of 1,457,883. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.16 and a quick ratio of 1.16. CBRE Group Inc has a 52-week low of $37.45 and a 52-week high of $52.41. The stock has a market cap of $15.91 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.71.

CBRE Group (NYSE:CBRE) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. CBRE Group had a net margin of 4.94% and a return on equity of 24.72%. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that CBRE Group Inc will post 3.61 EPS for the current year.

In related news, Director Curtis F. Feeny sold 4,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $47.25, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 8,444 shares of the company’s stock, valued at $398,979. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brandon B. Boze sold 6,700,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $49.51, for a total transaction of $331,717,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,869,706 shares of company stock valued at $340,344,785. 0.74% of the stock is currently owned by corporate insiders.

A number of research firms have issued reports on CBRE. JMP Securities reaffirmed a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Bank of America set a $54.00 price target on shares of CBRE Group and gave the stock a “hold” rating in a report on Friday, March 8th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, February 19th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $56.33.

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CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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