Evercore Wealth Management LLC Sells 75,685 Shares of CBRE Group, Inc. (NYSE:CBRE)

Evercore Wealth Management LLC decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,103,209 shares of the financial services provider's stock after selling 75,685 shares during the quarter. CBRE Group comprises approximately 2.2% of Evercore Wealth Management LLC's portfolio, making the stock its 16th biggest holding. Evercore Wealth Management LLC owned about 0.36% of CBRE Group worth $144,840,000 as of its most recent SEC filing.

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

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

CBRE Group stock traded down $0.13 on Monday, reaching $120.60. 530,871 shares of the stock were exchanged, compared to its average volume of 1,823,851. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm has a fifty day moving average price of $127.65 and a two-hundred day moving average price of $132.10. The stock has a market cap of $36.16 billion, a PE ratio of 38.43 and a beta of 1.26.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. UBS Group reduced their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Evercore ISI dropped their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Keefe, Bruyette & Woods decreased their price target on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Finally, Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $149.00.

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.