D. E. Shaw & Co. Inc. Decreases Holdings in CBRE Group, Inc. (NYSE:CBRE)

D. E. Shaw & Co. Inc. lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,423 shares of the financial services provider's stock after selling 114,326 shares during the period. D. E. Shaw & Co. Inc. owned 0.09% of CBRE Group worth $37,867,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CBRE. Wealth Enhancement Advisory Services LLC grew its position in CBRE Group by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider's stock worth $2,181,000 after acquiring an additional 466 shares during the last quarter. Graypoint LLC increased its position in CBRE Group by 11.2% in the 4th quarter. Graypoint LLC now owns 2,028 shares of the financial services provider's stock valued at $266,000 after buying an additional 205 shares in the last quarter. Czech National Bank increased its position in CBRE Group by 6.3% in the 4th quarter. Czech National Bank now owns 65,219 shares of the financial services provider's stock valued at $8,563,000 after buying an additional 3,860 shares in the last quarter. Wedmont Private Capital increased its position in CBRE Group by 5.8% in the 4th quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider's stock valued at $463,000 after buying an additional 206 shares in the last quarter. Finally, Greenfield Savings Bank increased its position in CBRE Group by 5.2% in the 4th quarter. Greenfield Savings Bank now owns 5,138 shares of the financial services provider's stock valued at $675,000 after buying an additional 252 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CBRE shares. Raymond James lowered 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. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. UBS Group decreased their price target on shares of 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 decreased their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 3,424 shares of company stock valued at $431,064. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Down 2.1%

CBRE Group stock traded down $2.70 during trading hours on Wednesday, hitting $128.66. 1,968,512 shares of the stock traded hands, compared to its average volume of 1,815,827. The firm's 50-day moving average price is $124.26 and its two-hundred day moving average price is $132.08. 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 company has a market cap of $38.35 billion, a PE ratio of 40.97 and a beta of 1.30. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

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