GTS Securities LLC Lowers Holdings in CBRE Group, Inc. (NYSE:CBRE)

GTS Securities LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 84.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,561 shares of the financial services provider's stock after selling 8,790 shares during the period. GTS Securities LLC's holdings in CBRE Group were worth $205,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of CBRE Group in the 4th quarter valued at about $36,643,000. Pacer Advisors Inc. lifted its holdings in shares of CBRE Group by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider's stock valued at $3,299,000 after acquiring an additional 2,798 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of 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 acquiring an additional 28,547 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of CBRE Group by 56.9% in the 4th quarter. Spire Wealth Management now owns 9,481 shares of the financial services provider's stock valued at $1,245,000 after acquiring an additional 3,438 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of CBRE Group by 47.2% in the 4th quarter. Allworth Financial LP now owns 636 shares of the financial services provider's stock valued at $89,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of 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 downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. 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 note on Friday, April 11th. Morgan Stanley decreased their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Stock Up 2.1%

NYSE CBRE traded up $2.62 on Wednesday, hitting $127.56. The stock had a trading volume of 1,456,142 shares, compared to its average volume of 1,836,562. The business's fifty day moving average price is $123.15 and its 200 day moving average price is $131.30. 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 52-week low of $84.24 and a 52-week high of $147.75. The stock has a market cap of $38.03 billion, a price-to-earnings ratio of 40.62 and a beta of 1.30.

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 (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,396 shares of company stock valued at $685,649. 0.42% of the stock is currently owned by insiders.

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.