CBRE Group, Inc. (NYSE:CBRE) Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,260 shares of the financial services provider’s stock after selling 7,834 shares during the quarter. CBRE Group accounts for 3.4% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 9th largest holding. S.E.E.D. Planning Group LLC’s holdings in CBRE Group were worth $10,275,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in CBRE Group by 4.7% during the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 79 shares during the last quarter. Stephens Inc. AR raised its stake in shares of CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 80 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in shares of CBRE Group by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 82 shares in the last quarter. Private Advisor Group LLC increased its holdings in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 90 shares in the last quarter. Finally, Community Bank & Trust Waco Texas raised its position in CBRE Group by 0.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock valued at $1,902,000 after purchasing an additional 93 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Evercore ISI decreased their price target 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. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, Morgan Stanley upgraded CBRE Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $115.00 to $160.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $145.44.

CBRE Group Stock Performance

CBRE stock opened at $124.82 on Wednesday. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $142.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $38.20 billion, a P/E ratio of 40.14 and a beta of 1.39. The business’s fifty day moving average is $133.32 and its 200-day moving average is $120.55.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current year.

CBRE Group Profile

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.