Chevy Chase Trust Holdings LLC Reduces Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Chevy Chase Trust Holdings LLC trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,041 shares of the financial services provider's stock after selling 4,446 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of CBRE Group worth $20,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. Legacy Advisors LLC increased its holdings in shares of CBRE Group by 6.4% during the first quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 108 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of CBRE Group by 11.5% during the first quarter. Asset Management One Co. Ltd. now owns 127,616 shares of the financial services provider's stock valued at $16,690,000 after acquiring an additional 13,115 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of CBRE Group by 23.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,456 shares of the financial services provider's stock valued at $6,599,000 after acquiring an additional 9,644 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock valued at $968,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in shares of CBRE Group by 4.9% during the first quarter. Manning & Napier Advisors LLC now owns 1,406,699 shares of the financial services provider's stock valued at $183,968,000 after acquiring an additional 66,326 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CBRE shares. JPMorgan Chase & Co. reduced their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group dropped their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $150.33.

CBRE Group Price Performance

CBRE traded up $1.32 on Friday, hitting $139.41. 2,667,164 shares of the company's stock traded hands, compared to its average volume of 1,814,380. The company's 50 day simple moving average is $127.36 and its 200-day simple moving average is $130.95. The firm has a market cap of $41.56 billion, a price-to-earnings ratio of 42.63 and a beta of 1.29. CBRE Group, Inc. has a one year low of $85.74 and a one 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.

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 (EPS) for the quarter, beating the consensus estimate 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 last year, the company earned $0.78 EPS. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of CBRE Group 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 sale, the insider now owns 27,945 shares of the company's stock, valued at $3,522,467.25. The trade was a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction that occurred on Monday, May 19th. The stock was 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 in the company, 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. In the last 90 days, insiders have sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is owned by company insiders.

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.