Amalgamated Bank decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,432 shares of the financial services provider’s stock after selling 1,885 shares during the period. Amalgamated Bank’s holdings in CBRE Group were worth $7,398,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its holdings in CBRE Group by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 118,923 shares of the financial services provider’s stock valued at $14,804,000 after acquiring an additional 387 shares during the last quarter. QRG Capital Management Inc. lifted its stake in CBRE Group by 4.7% during the third quarter. QRG Capital Management Inc. now owns 231,349 shares of the financial services provider’s stock valued at $28,798,000 after purchasing an additional 10,410 shares during the last quarter. National Pension Service boosted its stake in shares of CBRE Group by 7.7% during the 3rd quarter. National Pension Service now owns 533,699 shares of the financial services provider’s stock worth $66,435,000 after acquiring an additional 38,186 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $490,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of 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 worth $329,320,000 after acquiring an additional 993,963 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.
CBRE Group Stock Down 3.9 %
CBRE opened at $129.40 on Thursday. The firm has a market cap of $39.60 billion, a P/E ratio of 41.61 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50 day moving average price of $122.61 and a 200 day moving average price of $104.75. CBRE Group, Inc. has a twelve month low of $71.96 and a twelve month high of $136.92.
Insider Transactions at CBRE Group
In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,232 shares of company stock worth $2,839,047. Company insiders own 0.54% of the company’s stock.
Wall Street Analysts Forecast Growth
CBRE has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Morgan Stanley assumed coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Raymond James boosted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.83.
View Our Latest Report on CBRE Group
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.
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