Sentry Investment Management LLC Sells 189 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sentry Investment Management LLC cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,160 shares of the financial services provider’s stock after selling 189 shares during the period. Sentry Investment Management LLC’s holdings in CBRE Group were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Algert Global LLC bought a new position in CBRE Group during the 3rd quarter valued at approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of CBRE Group in the 4th quarter valued at approximately $1,518,000. Merit Financial Group LLC bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $256,000. Fulton Bank N.A. boosted its holdings in shares of CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after acquiring an additional 3,807 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

NYSE CBRE opened at $140.63 on Thursday. The company’s 50 day moving average is $136.79 and its two-hundred day moving average is $129.45. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 44.79 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on CBRE shares. Morgan Stanley boosted their price target on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.