Exchange Traded Concepts LLC Has $75,000 Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Exchange Traded Concepts LLC cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 83.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 573 shares of the financial services provider's stock after selling 2,824 shares during the quarter. Exchange Traded Concepts LLC's holdings in CBRE Group were worth $75,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of CBRE Group in the first quarter valued at approximately $1,101,000. Raymond James Financial Inc. purchased a new stake in CBRE Group during the 4th quarter worth about $36,643,000. Wealth Enhancement Advisory Services LLC raised its stake in CBRE Group by 1,079.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 281,211 shares of the financial services provider's stock valued at $36,777,000 after purchasing an additional 257,366 shares during the last quarter. LPL Financial LLC lifted its holdings in CBRE Group by 69.1% in the 4th quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider's stock valued at $9,172,000 after purchasing an additional 28,547 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of CBRE Group by 47.2% during the 4th quarter. Allworth Financial LP now owns 636 shares of the financial services provider's stock worth $89,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction on 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 directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,599 shares of company stock worth $333,600. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CBRE shares. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. UBS Group dropped 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 note on Friday, April 11th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

CBRE Group Stock Performance

CBRE stock traded up $3.11 during mid-day trading on Thursday, reaching $138.33. The company had a trading volume of 1,900,200 shares, compared to its average volume of 1,807,367. CBRE Group, Inc. has a one year low of $85.74 and a one year high of $147.75. The stock has a market capitalization of $41.24 billion, a P/E ratio of 42.30 and a beta of 1.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock's 50-day simple moving average is $126.94 and its two-hundred day simple moving average is $130.94.

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, beating analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.