Shufro Rose & Co. LLC Sells 8,925 Shares of CBRE Group Inc (NYSE:CBRE)

Shufro Rose & Co. LLC reduced its holdings in shares of CBRE Group Inc (NYSE:CBRE) by 13.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,408 shares of the financial services provider’s stock after selling 8,925 shares during the quarter. Shufro Rose & Co. LLC’s holdings in CBRE Group were worth $2,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of CBRE Group by 1.6% during the first quarter. BlackRock Inc. now owns 22,982,394 shares of the financial services provider’s stock valued at $1,136,481,000 after purchasing an additional 363,540 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of CBRE Group by 5.5% during the first quarter. Wells Fargo & Company MN now owns 7,371,531 shares of the financial services provider’s stock valued at $364,523,000 after purchasing an additional 384,607 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of CBRE Group by 0.3% during the first quarter. Northern Trust Corp now owns 4,099,202 shares of the financial services provider’s stock valued at $202,706,000 after purchasing an additional 13,575 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CBRE Group by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 4,044,749 shares of the financial services provider’s stock valued at $161,663,000 after purchasing an additional 232,271 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of CBRE Group by 6.4% during the first quarter. TimesSquare Capital Management LLC now owns 3,327,800 shares of the financial services provider’s stock valued at $164,560,000 after purchasing an additional 200,700 shares in the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

CBRE stock traded down $0.99 during trading on Friday, reaching $53.51. The stock had a trading volume of 1,361,562 shares, compared to its average volume of 1,140,715. CBRE Group Inc has a 52 week low of $37.45 and a 52 week high of $56.47. The firm’s 50 day moving average is $51.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.16 and a current ratio of 1.09. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.34 and a beta of 1.70.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. CBRE Group had a return on equity of 24.14% and a net margin of 4.79%. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. CBRE Group’s revenue was up 11.8% on a year-over-year basis. Research analysts predict that CBRE Group Inc will post 3.75 EPS for the current fiscal year.

In other news, insider Dara Bazzano sold 1,252 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $47.51, for a total value of $59,482.52. Following the transaction, the insider now owns 21,246 shares of the company’s stock, valued at $1,009,397.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James R. Groch sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.13, for a total value of $2,756,500.00. Following the completion of the transaction, the insider now directly owns 404,918 shares in the company, valued at approximately $22,323,129.34. The disclosure for this sale can be found here. In the last three months, insiders sold 99,766 shares of company stock worth $5,218,495. 0.74% of the stock is owned by corporate insiders.

A number of research analysts have recently issued reports on the company. Raymond James upped their price target on CBRE Group from $65.00 to $67.00 and gave the company a “strong-buy” rating in a report on Friday. Compass Point assumed coverage on CBRE Group in a report on Wednesday, July 10th. They set a “neutral” rating and a $54.00 price target on the stock. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. CBRE Group currently has a consensus rating of “Buy” and a consensus price target of $58.00.

About CBRE Group

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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