Avior Wealth Management LLC Has $61,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Avior Wealth Management LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 90.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 467 shares of the financial services provider's stock after selling 4,580 shares during the quarter. Avior Wealth Management LLC's holdings in CBRE Group were worth $61,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CBRE. Norges Bank bought a new stake in CBRE Group in the fourth quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership grew its holdings in shares of CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after buying an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group in the 4th quarter valued at $190,695,000. GAMMA Investing LLC raised its stake in CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after buying an additional 1,285,300 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock worth $161,876,000 after buying an additional 1,222,558 shares during the period. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $129.00 to $131.00 and gave the company 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. UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. 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, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

Insider Activity

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction on Friday, May 2nd. The shares were 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. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the sale, the chief accounting officer now owns 20,131 shares of the company's stock, valued at approximately $2,818,340. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,031 shares of company stock worth $814,080 in the last quarter. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Up 1.0%

Shares of NYSE CBRE traded up $1.32 during midday trading on Friday, reaching $139.41. The company's stock had a trading volume of 2,667,164 shares, compared to its average volume of 1,812,958. The stock has a 50 day simple moving average of $127.36 and a 200-day simple moving average of $130.95. 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 $41.56 billion, a price-to-earnings ratio of 42.63 and a beta of 1.29. CBRE Group, Inc. has a fifty-two week low of $85.74 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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 net margin of 2.74% and a return on equity of 17.37%. The business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.