CBRE Group, Inc. (NYSE:CBRE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 83.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,746 shares of the financial services provider’s stock after selling 292,189 shares during the period. SG Americas Securities LLC’s holdings in CBRE Group were worth $7,713,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CBRE. Lindbrook Capital LLC raised its stake in CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after buying an additional 79 shares during the last quarter. Stephens Inc. AR raised its position in shares of CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 80 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in 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 purchasing an additional 82 shares in the last quarter. Private Advisor Group LLC grew its position 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 worth $957,000 after purchasing an additional 90 shares during the last quarter. Finally, Community Bank & Trust Waco Texas increased its stake in CBRE Group by 0.6% during 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 in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Up 1.1 %

CBRE stock opened at $141.00 on Friday. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $142.00. 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 firm’s fifty day moving average is $133.68 and its 200 day moving average is $122.40. The firm has a market cap of $43.15 billion, a PE ratio of 45.34 and a beta of 1.39.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on CBRE shares. Evercore ISI lowered their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.44.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by company insiders.

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.