Universal Beteiligungs und Servicegesellschaft mbH Sells 21,972 Shares of CBRE Group, Inc. (NYSE:CBRE)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,766 shares of the financial services provider's stock after selling 21,972 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of CBRE Group worth $31,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CBRE. Investment Management Corp VA ADV bought a new position in CBRE Group during the fourth quarter valued at about $28,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group in the 1st quarter valued at $28,000. Golden State Wealth Management LLC increased its holdings in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 213 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 266 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. cut 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. Evercore ISI increased their target price on shares of CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. UBS Group increased their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $156.11.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the 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 completion of the sale, the insider directly owned 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the sale, the chief financial officer owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is currently owned by company insiders.

CBRE Group Price Performance

Shares of NYSE:CBRE traded up $0.14 during midday trading on Thursday, hitting $144.77. The stock had a trading volume of 1,815,514 shares, compared to its average volume of 1,295,462. The company has a market capitalization of $43.16 billion, a P/E ratio of 44.27 and a beta of 1.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a fifty-two week low of $103.05 and a fifty-two week high of $147.75. The company's 50-day moving average price is $134.15 and its 200-day moving average price is $132.12.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.