Brighton Jones LLC reduced its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,068 shares of the financial services provider's stock after selling 2,424 shares during the period. Brighton Jones LLC's holdings in CBRE Group were worth $1,578,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in CBRE. Union Bancaire Privee UBP SA bought a new position in CBRE Group during the fourth quarter valued at $7,549,000. Valeo Financial Advisors LLC boosted its stake in shares of CBRE Group by 8.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,132 shares of the financial services provider's stock worth $280,000 after purchasing an additional 168 shares during the period. Principal Securities Inc. grew its holdings in CBRE Group by 28.3% during the 4th quarter. Principal Securities Inc. now owns 13,308 shares of the financial services provider's stock valued at $1,747,000 after purchasing an additional 2,937 shares during the last quarter. Allworth Financial LP grew its holdings in CBRE Group by 47.2% during the 4th quarter. Allworth Financial LP now owns 636 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 204 shares during the last quarter. Finally, James Investment Research Inc. raised its position in CBRE Group by 1.9% in the 4th quarter. James Investment Research Inc. now owns 34,500 shares of the financial services provider's stock worth $4,530,000 after purchasing an additional 647 shares during the period. 98.41% of the stock is currently owned by institutional investors.
Insider Buying and Selling at CBRE Group
In related news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider now directly owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 105,371 shares of the company's stock, 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 have sold a total of 2,599 shares of company stock valued at $333,600 over the last ninety days. Corporate insiders own 0.42% of the company's stock.
CBRE Group Stock Performance
NYSE CBRE traded up $1.09 during mid-day trading on Thursday, reaching $133.35. 1,164,946 shares of the stock were exchanged, compared to its average volume of 1,820,556. The company has a market capitalization of $39.75 billion, a P/E ratio of 40.78 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average is $125.07 and its 200-day moving average is $130.99. CBRE Group, Inc. has a 1 year low of $85.74 and a 1 year high of $147.75.
CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company 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 17.37% and a net margin of 2.74%. CBRE Group's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. On average, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on CBRE. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. UBS Group reduced their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods increased their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $150.33.
Read Our Latest Stock Analysis on CBRE Group
About CBRE Group
(
Free Report)
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.
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