CBRE Group, Inc. (NYSE:CBRE) Stake Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 375,732 shares of the financial services provider's stock after selling 9,625 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.12% of CBRE Group worth $49,330,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group in the fourth quarter valued at $25,000. Denver PWM LLC acquired a new stake in CBRE Group in the 4th quarter worth about $29,000. Larson Financial Group LLC grew its holdings in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after buying an additional 281 shares during the period. Catalyst Capital Advisors LLC grew its holdings in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after buying an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of CBRE Group during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,424 shares of company stock valued at $431,064. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Down 2.1%

CBRE Group stock traded down $2.70 during trading on Wednesday, reaching $128.66. 1,968,512 shares of the company's stock were exchanged, compared to its average volume of 1,815,827. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The firm has a market cap of $38.35 billion, a price-to-earnings ratio of 40.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company's 50-day moving average is $124.26 and its two-hundred day moving average is $132.08.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its 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. The business had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. On average, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered 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. JPMorgan Chase & Co. cut their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Finally, StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average price target of $149.22.

CBRE Group Company 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.