Annis Gardner Whiting Capital Advisors LLC Cuts Position in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• Annis Gardner Whiting Capital Advisors LLC reduced its stake in CBRE Group, Inc. by 92.5% in Q1, now holding only 588 shares valued at $77,000.
• Insider sales included CFO Emma E. Giamartino selling 1,972 shares and CAO Lindsey S. Caplan selling 1,935 shares, indicating a decrease in their positions.
• Analysts remain optimistic, with several adjusting their price targets upward, retaining a consensus rating of "Moderate Buy" and a price target of $158.00.

Annis Gardner Whiting Capital Advisors LLC decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 92.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 588 shares of the financial services provider's stock after selling 7,296 shares during the period. Annis Gardner Whiting Capital Advisors LLC's holdings in CBRE Group were worth $77,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CBRE. Principal Financial Group Inc. raised its stake in CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after acquiring an additional 368,214 shares during the period. Massachusetts Financial Services Co. MA grew its position in CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after acquiring an additional 2,680,337 shares in the last quarter. Northern Trust Corp raised its holdings in shares of CBRE Group by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock valued at $497,525,000 after buying an additional 424,663 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of CBRE Group by 1.4% in the 4th quarter. Earnest Partners LLC now owns 3,696,955 shares of the financial services provider's stock worth $485,373,000 after acquiring an additional 49,862 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of CBRE Group by 10.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,025,256 shares of the financial services provider's stock valued at $397,186,000 after buying an additional 295,943 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

CBRE traded up $1.14 on Friday, reaching $155.50. 990,315 shares of the stock were exchanged, compared to its average volume of 1,746,201. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $107.54 and a fifty-two week high of $161.03. The firm has a market capitalization of $46.27 billion, a PE ratio of 43.56 and a beta of 1.34. The company's 50-day moving average price is $140.69 and its 200 day moving average price is $133.89.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several recent analyst reports. UBS Group lifted their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. decreased their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, Evercore ISI raised their target price on shares of CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer owned 105,371 shares in the company, valued at $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,898 shares of company stock worth $1,122,558 in the last three months. 0.42% of the stock is owned by corporate 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.