Farther Finance Advisors LLC Has $212,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Farther Finance Advisors LLC lessened its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 56.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CBRE. Meridian Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 71 shares during the period. Signaturefd LLC boosted its holdings in shares of 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 acquiring an additional 99 shares during the period. IFP Advisors Inc boosted its holdings in shares of 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 acquiring an additional 100 shares during the period. Fidelis Capital Partners LLC boosted its holdings in shares of 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 acquiring an additional 104 shares during the period. Finally, Howard Capital Management Inc. boosted its holdings in shares of CBRE Group by 4.7% during the fourth quarter. Howard Capital Management Inc. now owns 2,398 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 108 shares during the period. Institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several research analyst reports. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group dropped their price target 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 reiterated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Three investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.33.

CBRE Group Trading Up 3.5%

NYSE CBRE traded up $4.72 on Monday, hitting $138.61. 1,205,932 shares of the company were exchanged, compared to its average volume of 1,809,515. The firm has a market capitalization of $41.32 billion, a P/E ratio of 42.39 and a beta of 1.29. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day moving average price is $125.76 and its 200-day moving average price is $130.85.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were 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 now directly owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,599 shares of company stock worth $333,600 in the last 90 days. Company insiders own 0.42% of the company's stock.

About CBRE Group

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.