CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 56.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,617 shares of the financial services provider's stock after selling 2,102 shares during the period. Farther Finance Advisors LLC's holdings in CBRE Group were worth $212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group in the 4th quarter valued at $25,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group in the 4th quarter valued at $28,000. Denver PWM LLC acquired a new position in shares of CBRE Group in the 4th quarter valued at $29,000. Colonial Trust Co SC lifted its stake in shares of CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. JPMorgan Chase & Co. dropped their target price 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. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer now owns 105,371 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 27,945 shares in the company, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,599 shares of company stock valued at $333,600. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Trading Up 0.3%

NYSE CBRE traded up $0.38 during trading hours on Friday, reaching $133.85. The company had a trading volume of 2,061,873 shares, compared to its average volume of 1,819,680. The stock has a 50-day moving average of $125.76 and a 200 day moving average of $130.93. CBRE Group, Inc. has a 1-year low of $85.74 and a 1-year high of $147.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $39.90 billion, a P/E ratio of 40.93 and a beta of 1.29.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. CBRE Group's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.