Ensign Peak Advisors Inc Reduces Holdings in CBRE Group, Inc. (NYSE:CBRE)

Ensign Peak Advisors Inc trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 371,335 shares of the financial services provider's stock after selling 11,291 shares during the quarter. Ensign Peak Advisors Inc owned 0.12% of CBRE Group worth $48,753,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of CBRE Group in the 4th quarter valued at about $1,518,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CBRE Group by 2.7% in the fourth 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 period. Graypoint LLC boosted its holdings in CBRE Group by 11.2% in the fourth quarter. Graypoint LLC now owns 2,028 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 205 shares during the last quarter. Czech National Bank boosted its holdings in CBRE Group by 6.3% in the fourth quarter. Czech National Bank now owns 65,219 shares of the financial services provider's stock valued at $8,563,000 after acquiring an additional 3,860 shares during the last quarter. Finally, Wedmont Private Capital increased its position in CBRE Group by 5.8% during the 4th quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider's stock valued at $463,000 after purchasing an additional 206 shares during the period. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

CBRE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. StockNews.com cut shares of 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 CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley dropped their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

CBRE Group Stock Up 0.4%

Shares of CBRE Group stock traded up $0.52 during trading hours on Thursday, reaching $129.58. The company's stock had a trading volume of 525,378 shares, compared to its average volume of 1,810,911. 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 stock's fifty day simple moving average is $124.22 and its two-hundred day simple moving average is $132.05. The company has a market capitalization of $38.63 billion, a P/E ratio of 41.23 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 posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter last year, the company earned $0.78 earnings per share. The company's revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the company's 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,424 shares of company stock valued at $431,064 in the last three months. 0.42% of the stock is currently owned by insiders.

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.