Sonen Capital LLC Sells 1,711 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sonen Capital LLC decreased its position in CBRE Group, Inc. (NYSE:CBREGet Rating) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,598 shares of the financial services provider’s stock after selling 1,711 shares during the quarter. CBRE Group comprises 1.4% of Sonen Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Sonen Capital LLC’s holdings in CBRE Group were worth $1,153,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CBRE. Janney Montgomery Scott LLC boosted its position in CBRE Group by 8.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,426 shares of the financial services provider’s stock worth $914,000 after purchasing an additional 675 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of CBRE Group by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,006 shares of the financial services provider’s stock worth $868,000 after buying an additional 261 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of CBRE Group by 130.6% during the fourth quarter. Dupont Capital Management Corp now owns 4,844 shares of the financial services provider’s stock worth $526,000 after buying an additional 2,743 shares during the last quarter. CWM LLC acquired a new position in shares of CBRE Group during the fourth quarter worth approximately $155,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of CBRE Group by 1,316.1% during the fourth quarter. Qube Research & Technologies Ltd now owns 74,291 shares of the financial services provider’s stock worth $8,061,000 after buying an additional 69,045 shares during the last quarter. Institutional investors own 96.30% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE traded up $1.66 during trading hours on Friday, reaching $83.97. The stock had a trading volume of 1,459,198 shares, compared to its average volume of 1,560,979. The business’s fifty day moving average is $77.41 and its two-hundred day moving average is $85.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.14 and a quick ratio of 1.20. The company has a market cap of $27.45 billion, a price-to-earnings ratio of 14.09 and a beta of 1.38. CBRE Group, Inc. has a twelve month low of $67.68 and a twelve month high of $111.00.

CBRE Group (NYSE:CBREGet Rating) last released its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.44. CBRE Group had a return on equity of 25.77% and a net margin of 6.59%. The firm had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.72 billion. During the same period in the prior year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. As a group, research analysts expect that CBRE Group, Inc. will post 6.05 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI set a $94.00 price target on CBRE Group in a report on Monday, June 20th. Raymond James upped their target price on CBRE Group from $110.00 to $113.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $109.80.

Insiders Place Their Bets

In other CBRE Group news, CEO Daniel G. Queenan sold 5,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $83.16, for a total transaction of $415,800.00. Following the completion of the transaction, the chief executive officer now directly owns 188,841 shares in the company, valued at $15,704,017.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

CBRE Group Company Profile

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CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

Further Reading

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

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