Banco Bilbao Vizcaya Argentaria S.A. Decreases Position in CBRE Group, Inc. (NYSE:CBRE)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,280 shares of the financial services provider's stock after selling 2,964 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CBRE Group were worth $3,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CBRE. Fuller & Thaler Asset Management Inc. grew its position in shares of CBRE Group by 64.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 11,700 shares of the financial services provider's stock valued at $1,536,000 after purchasing an additional 4,590 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in CBRE Group by 85.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock worth $281,984,000 after purchasing an additional 991,354 shares during the last quarter. Nippon Life Global Investors Americas Inc. lifted its position in CBRE Group by 269.4% during the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 251,270 shares of the financial services provider's stock valued at $32,989,000 after purchasing an additional 183,250 shares during the last quarter. IHT Wealth Management LLC purchased a new position in shares of CBRE Group in the 4th quarter worth $201,000. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of CBRE Group by 202.4% in the 4th quarter. OneDigital Investment Advisors LLC now owns 10,648 shares of the financial services provider's stock worth $1,398,000 after buying an additional 7,127 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Up 1.1 %

NYSE CBRE traded up $1.35 during trading on Thursday, hitting $123.53. The company's stock had a trading volume of 1,585,640 shares, compared to its average volume of 1,995,712. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a market cap of $36.83 billion, a PE ratio of 39.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The business's 50 day simple moving average is $126.53 and its 200-day simple moving average is $131.95.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the business posted $0.78 EPS. CBRE Group's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. UBS Group decreased their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday. Finally, StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $149.22.

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.