CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in CBRE Group by 12.7% in Q1, now owning approximately 1.76 million shares worth $230.4 million.
• Several institutional investors, including Valeo Financial Advisors and Beverly Hills Private Wealth, increased their stakes in CBRE Group during the same quarter.
• CBRE Group's stock received upgrades from multiple analysts, with price targets raising to a consensus of $158.00 and an average rating of "Moderate Buy."

Deutsche Bank AG reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,762,002 shares of the financial services provider's stock after selling 257,257 shares during the period. Deutsche Bank AG owned 0.59% of CBRE Group worth $230,435,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group in the fourth quarter worth $28,000. Hughes Financial Services LLC bought a new stake in shares of CBRE Group during the first quarter valued at approximately $28,000. Golden State Wealth Management LLC increased its position in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 213 shares in the last quarter. Colonial Trust Co SC increased 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 valued at $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position 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 in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

NYSE:CBRE traded up $2.58 during mid-day trading on Tuesday, hitting $156.07. The company's stock had a trading volume of 1,079,894 shares, compared to its average volume of 1,830,551. CBRE Group, Inc. has a 1 year low of $107.86 and a 1 year high of $161.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $46.44 billion, a price-to-earnings ratio of 43.72 and a beta of 1.34. The business's fifty day moving average is $141.27 and its two-hundred day moving average is $133.89.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. Analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CBRE. Raymond James Financial increased their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Morgan Stanley reissued an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Evercore ISI increased their price objective on shares of CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, UBS Group lifted their target price on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.00.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,972 shares of the 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 transaction, the chief financial officer directly owned 105,371 shares in the company, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,898 shares of company stock valued at $1,122,558. 0.42% of the stock is owned by insiders.

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.