First Citizens Bank & Trust Co. Trims Position in CBRE Group, Inc. (NYSE:CBRE)

First Citizens Bank & Trust Co. decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 90.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,027 shares of the financial services provider's stock after selling 28,405 shares during the period. First Citizens Bank & Trust Co.'s holdings in CBRE Group were worth $396,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group during the fourth quarter worth about $25,000. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group during the fourth quarter worth $28,000. Denver PWM LLC acquired a new position in CBRE Group during the fourth quarter valued at $29,000. Colonial Trust Co SC lifted its position in 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 purchasing an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in CBRE Group by 1,400.0% in 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 purchasing an additional 266 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE CBRE traded up $1.62 on Thursday, hitting $135.45. The company had a trading volume of 1,511,318 shares, compared to its average volume of 1,828,495. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company's fifty day moving average price is $123.81 and its 200-day moving average price is $131.19. The company has a market capitalization of $40.38 billion, a PE ratio of 43.14 and a beta of 1.29. CBRE Group, Inc. has a 12-month low of $85.74 and a 12-month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. UBS Group decreased their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley raised their price objective on shares of CBRE Group from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $150.33.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chad J. Doellinger sold 494 shares of the business's 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 transaction, the insider now owns 27,945 shares in the company, valued at $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,599 shares of company stock valued at $584,980 over the last quarter. 0.42% of the stock is currently owned by insiders.

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.