CBRE Group, Inc. (NYSE:CBRE) Stock Position Lowered by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,296 shares of the financial services provider's stock after selling 5,609 shares during the period. Arcadia Investment Management Corp MI's holdings in CBRE Group were worth $4,616,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CBRE. Brighton Jones LLC raised its stake in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after buying an additional 11,065 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the 4th quarter valued at approximately $25,000. Assetmark Inc. increased its stake in CBRE Group by 25.6% in the 4th quarter. Assetmark Inc. now owns 1,441 shares of the financial services provider's stock valued at $189,000 after purchasing an additional 294 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in CBRE Group in the 4th quarter valued at approximately $405,000. Finally, Raymond James Financial Inc. purchased a new position in CBRE Group in the 4th quarter valued at approximately $36,643,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider owned 27,945 shares of the company's stock, valued at $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the transaction, the chief accounting officer owned 20,131 shares of the company's stock, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,031 shares of company stock valued at $814,080 over the last 90 days. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Down 0.5%

CBRE stock traded down $0.77 during midday trading on Friday, hitting $140.44. 1,049,015 shares of the company's stock were exchanged, compared to its average volume of 1,814,509. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $41.87 billion, a price-to-earnings ratio of 42.95 and a beta of 1.30. CBRE Group, Inc. has a 12-month low of $91.19 and a 12-month high of $147.75. The firm has a 50 day moving average price of $131.50 and a 200-day moving average price of $131.46.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The firm 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 2.74% and a return on equity of 17.37%. The firm's revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Evercore ISI raised their price objective on CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday. Keefe, Bruyette & Woods raised 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, April 30th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $152.78.

CBRE Group Company Profile

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.