Kovitz Investment Group Partners LLC Sells 80,748 Shares of CBRE Group, Inc. (NYSE:CBRE)

Kovitz Investment Group Partners LLC decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 50.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 79,467 shares of the financial services provider's stock after selling 80,748 shares during the period. Kovitz Investment Group Partners LLC's holdings in CBRE Group were worth $10,433,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hudson Valley Investment Advisors Inc. ADV purchased a new position in CBRE Group in the 4th quarter worth approximately $1,518,000. Merit Financial Group LLC bought a new position in CBRE Group during the fourth quarter valued at approximately $256,000. Fulton Bank N.A. boosted its stake in CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after buying an additional 19,227 shares during the period. Manning & Napier Advisors LLC bought a new position in CBRE Group in the 4th quarter worth about $175,978,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of CBRE Group by 12.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after acquiring an additional 338,298 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business's 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company's stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

CBRE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday. Morgan Stanley lowered their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. StockNews.com cut CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Stock Performance

Shares of NYSE CBRE traded up $3.72 during trading on Friday, hitting $127.24. The company had a trading volume of 402,851 shares, compared to its average volume of 1,823,511. The firm has a market capitalization of $37.93 billion, a P/E ratio of 40.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a 50 day simple moving average of $126.24 and a 200 day simple moving average of $131.96.

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. The company had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. CBRE Group's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.