S.E.E.D. Planning Group LLC Reduces Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

S.E.E.D. Planning Group LLC reduced its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,216 shares of the financial services provider's stock after selling 6,044 shares during the period. CBRE Group accounts for about 3.2% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 10th biggest position. S.E.E.D. Planning Group LLC's holdings in CBRE Group were worth $9,444,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC raised its position in CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after purchasing an additional 71 shares during the period. Gilbert & Cook Inc. raised its position in CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after purchasing an additional 75 shares during the period. Signaturefd LLC raised its position in CBRE Group by 2.0% during the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after purchasing an additional 99 shares during the period. IFP Advisors Inc raised its position in CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after purchasing an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC raised its position in CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 104 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company's stock, valued at $3,629,517.85. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,396 shares of company stock valued at $685,649 over the last quarter. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. UBS Group decreased their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Morgan Stanley decreased their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three equities 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.22.

CBRE Group Trading Up 0.1%

Shares of NYSE CBRE traded up $0.13 during midday trading on Friday, hitting $124.80. The company's stock had a trading volume of 5,352,242 shares, compared to its average volume of 1,838,839. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The business's 50 day moving average is $123.48 and its two-hundred day moving average is $131.44. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The firm has a market cap of $37.20 billion, a P/E ratio of 39.75 and a beta of 1.30.

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 for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The company's revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current 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.