CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,869 shares of the financial services provider's stock after selling 1,886 shares during the period. Yousif Capital Management LLC's holdings in CBRE Group were worth $5,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in CBRE Group in the 4th quarter worth approximately $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 purchased a new stake in CBRE Group during the fourth quarter worth $29,000. Colonial Trust Co SC boosted its holdings 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 worth $36,000 after buying an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in CBRE Group by 1,400.0% during 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 buying an additional 266 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have 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 for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Keefe, Bruyette & Woods raised 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. Finally, Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.33.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 27,945 shares of the company's stock, valued at $3,522,467.25. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,599 shares of company stock valued at $584,980. 0.42% of the stock is owned by insiders.

CBRE Group Price Performance

CBRE Group stock traded up $1.62 during midday trading on Thursday, reaching $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. CBRE Group, Inc. has a 12-month low of $85.74 and a 12-month high of $147.75. The company has a market capitalization of $40.38 billion, a P/E ratio of 43.14 and a beta of 1.29. The firm's fifty day simple moving average is $123.44 and its 200-day simple moving average is $131.22.

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 for the quarter, beating the consensus estimate of $0.81 by $0.05. The business 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 16.96% and a net margin of 2.71%. The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.