CBRE Group, Inc. (NYSE:CBRE) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,170 shares of the financial services provider's stock after selling 3,317 shares during the quarter. First Hawaiian Bank's holdings in CBRE Group were worth $3,030,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group during the 4th quarter valued at $25,000. Investment Management Corp VA ADV bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $28,000. Denver PWM LLC bought a new stake in CBRE Group during the fourth quarter worth about $29,000. Colonial Trust Co SC boosted its position in shares of CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after purchasing an additional 281 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction dated Friday, May 2nd. The shares were 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 $3,522,467.25. This represents a 1.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on 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 owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,396 shares of company stock valued at $685,649 in the last quarter. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Morgan Stanley decreased their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. UBS Group reduced their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their target price 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. Three 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's stock. According to MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Trading Up 0.1%

CBRE stock traded up $0.13 during mid-day trading on Friday, reaching $124.80. 5,352,242 shares of the stock traded hands, compared to its average volume of 1,838,839. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock has a market capitalization of $37.20 billion, a PE ratio of 39.75 and a beta of 1.30. The business has a 50-day moving average price of $123.48 and a two-hundred day moving average price of $131.44.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 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 net margin of 2.71% and a return on equity of 16.96%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. Equities research analysts expect 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.