CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 88.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,235 shares of the financial services provider's stock after selling 24,568 shares during the quarter. Cresset Asset Management LLC's holdings in CBRE Group were worth $425,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CBRE. Wedmont Private Capital raised its position in shares of CBRE Group by 5.8% in the fourth 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 during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of CBRE Group by 18.1% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,348 shares of the financial services provider's stock worth $440,000 after purchasing an additional 513 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of CBRE Group by 43.0% in the fourth quarter. Park Avenue Securities LLC now owns 35,160 shares of the financial services provider's stock valued at $4,616,000 after purchasing an additional 10,573 shares during the period. Burney Co. increased its stake in CBRE Group by 398.3% in the fourth quarter. Burney Co. now owns 15,147 shares of the financial services provider's stock valued at $1,989,000 after purchasing an additional 12,107 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in CBRE Group during the fourth quarter worth about $1,008,000. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Down 1.0%

NYSE:CBRE traded down $1.38 during mid-day trading on Monday, hitting $130.23. The company had a trading volume of 1,817,117 shares, compared to its average volume of 1,810,340. The business has a fifty day simple moving average of $124.42 and a 200-day simple moving average of $132.06. The firm has a market capitalization of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. 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 (NYSE:CBRE - Get Free Report) last announced its 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 business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company's revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now directly owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated 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 directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,424 shares of company stock worth $431,064 over the last 90 days. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on CBRE shares. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. 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. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Morgan Stanley reduced their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Three equities research 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 stock. Based on data from MarketBeat, the stock currently has a consensus 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.