CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 54.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,395 shares of the financial services provider's stock after selling 42,583 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in CBRE Group were worth $4,629,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Friedenthal Financial increased its holdings in CBRE Group by 52.2% during the 1st quarter. Friedenthal Financial now owns 592 shares of the financial services provider's stock worth $77,000 after acquiring an additional 203 shares during the period. State of Alaska Department of Revenue grew its position in shares of CBRE Group by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 34,626 shares of the financial services provider's stock valued at $4,528,000 after purchasing an additional 330 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of CBRE Group by 23.3% in the first quarter. CWA Asset Management Group LLC now owns 10,356 shares of the financial services provider's stock worth $1,354,000 after purchasing an additional 1,957 shares during the period. Wolf Group Capital Advisors bought a new position in shares of CBRE Group in the first quarter worth $356,000. Finally, Louisbourg Investments Inc. raised its position in shares of CBRE Group by 9.7% in the first quarter. Louisbourg Investments Inc. now owns 32,555 shares of the financial services provider's stock worth $4,258,000 after buying an additional 2,870 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction 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 transaction, the chief financial officer now directly owns 105,371 shares in the company, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,599 shares of company stock worth $333,600. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CBRE shares. UBS Group decreased their price objective on shares of 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 reissued an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Keefe, Bruyette & Woods raised their price objective on shares of 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 price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen lowered 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $3.74 on Wednesday, hitting $135.39. 1,279,019 shares of the company's stock were exchanged, compared to its average volume of 1,806,996. CBRE Group, Inc. has a 1 year low of $85.74 and a 1 year high of $147.75. The company has a 50-day simple moving average of $126.57 and a 200-day simple moving average of $130.91. 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 stock has a market capitalization of $40.36 billion, a PE ratio of 41.40 and a beta of 1.29.

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 (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm posted $0.78 EPS. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group 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.