CBRE Group, Inc. (NYSE:CBRE) Stock Position Cut by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,013 shares of the financial services provider's stock after selling 10,529 shares during the period. Segall Bryant & Hamill LLC's holdings in CBRE Group were worth $10,072,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after acquiring an additional 11,065 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at approximately $405,000. Commonwealth Equity Services LLC increased its position in shares of CBRE Group by 7.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,309 shares of the financial services provider's stock valued at $1,485,000 after purchasing an additional 818 shares during the last quarter. Harbour Investments Inc. grew its position in shares of CBRE Group by 30.3% in the 4th quarter. Harbour Investments Inc. now owns 786 shares of the financial services provider's stock valued at $103,000 after buying an additional 183 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBRE. JPMorgan Chase & Co. lowered their price objective 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. UBS Group raised their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Evercore ISI lifted their target price on shares of CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their target price 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. Three 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 stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $152.78.

CBRE Group Trading Up 0.5%

CBRE traded up $0.70 during trading on Friday, hitting $139.47. 995,865 shares of the company's stock were exchanged, compared to its average volume of 1,809,873. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 1 year low of $96.38 and a 1 year high of $147.75. The stock has a 50 day moving average price of $133.13 and a 200 day moving average price of $131.78. The firm has a market cap of $41.58 billion, a P/E ratio of 42.65 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The business 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 2.74% and a return on equity of 17.37%. The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. As a group, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction on 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 directly owned 27,945 shares of the company's stock, valued at $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer directly owned 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,031 shares of company stock valued at $814,080 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

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.