First Republic Investment Management Inc. Has $1.69 Million Holdings in CBRE Group Inc (CBRE)

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First Republic Investment Management Inc. lessened its holdings in shares of CBRE Group Inc (NYSE:CBRE) by 3.5% in the first quarter, HoldingsChannel.com reports. The fund owned 34,159 shares of the financial services provider’s stock after selling 1,253 shares during the period. First Republic Investment Management Inc.’s holdings in CBRE Group were worth $1,689,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of CBRE Group by 46.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 10,862 shares of the financial services provider’s stock valued at $537,000 after buying an additional 3,465 shares during the period. Quantamental Technologies LLC lifted its holdings in shares of CBRE Group by 103.1% in the first quarter. Quantamental Technologies LLC now owns 3,115 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,581 shares during the period. SG Americas Securities LLC lifted its holdings in shares of CBRE Group by 181.5% in the first quarter. SG Americas Securities LLC now owns 400,155 shares of the financial services provider’s stock valued at $19,788,000 after buying an additional 258,002 shares during the period. Hartford Investment Management Co. lifted its holdings in shares of CBRE Group by 38.1% in the first quarter. Hartford Investment Management Co. now owns 73,042 shares of the financial services provider’s stock valued at $3,612,000 after buying an additional 20,135 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of CBRE Group by 41.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,871 shares of the financial services provider’s stock valued at $3,653,000 after buying an additional 21,582 shares during the period. Institutional investors own 95.28% of the company’s stock.

Several brokerages have recently weighed in on CBRE. JMP Securities restated a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Bank of America set a $54.00 price objective on CBRE Group and gave the company a “hold” rating in a report on Friday, March 8th. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, February 19th. Finally, William Blair restated 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 given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $56.33.

Shares of CBRE Group stock opened at $48.71 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.10 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $16.35 billion, a PE ratio of 14.85, a PEG ratio of 1.22 and a beta of 1.71. CBRE Group Inc has a fifty-two week low of $37.45 and a fifty-two week high of $52.41.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.20. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.09 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities analysts anticipate that CBRE Group Inc will post 3.61 earnings per share for the current fiscal year.

In other news, Director Brandon B. Boze sold 6,700,000 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Lafitte sold 32,706 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.54, for a total value of $1,652,961.24. Following the sale, the chief executive officer now directly owns 372,946 shares in the company, valued at $18,848,690.84. The disclosure for this sale can be found here. Insiders have sold 6,864,454 shares of company stock worth $340,096,303 over the last ninety days. 0.74% of the stock is owned by insiders.

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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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