CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC cut its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,765 shares of the financial services provider's stock after selling 17,847 shares during the quarter. CBRE Group accounts for 5.1% of Waterfront Capital Partners LLC's holdings, making the stock its 2nd largest holding. Waterfront Capital Partners LLC owned approximately 0.07% of CBRE Group worth $27,934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meridian Wealth Management LLC raised its holdings in CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after purchasing an additional 71 shares in the last quarter. Gilbert & Cook Inc. boosted its position in shares of CBRE Group by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after purchasing an additional 75 shares during the period. Signaturefd LLC grew its stake in CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after buying an additional 99 shares during the last quarter. IFP Advisors Inc grew its stake in CBRE Group by 9.1% during the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after buying an additional 100 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its position in CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Trading Down 0.5 %

Shares of NYSE:CBRE traded down $0.63 during midday trading on Wednesday, reaching $121.12. The company's stock had a trading volume of 343,489 shares, compared to its average volume of 1,822,701. The firm has a market cap of $36.32 billion, a price-to-earnings ratio of 38.57 and a beta of 1.26. The business has a 50 day moving average price of $126.80 and a 200 day moving average price of $132.02. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS 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 analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm's revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 797 shares of the company's 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research 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 on the stock in a research note on Thursday, April 24th. Evercore ISI decreased 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 note on Monday, January 13th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and an average target price 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.