Jefferies Financial Group Inc. Sells 14,641 Shares of CBRE Group, Inc. (NYSE:CBRE)

Jefferies Financial Group Inc. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 76.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,451 shares of the financial services provider's stock after selling 14,641 shares during the quarter. Jefferies Financial Group Inc.'s holdings in CBRE Group were worth $582,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CBRE. Investment Management Corp VA ADV acquired a new stake in CBRE Group during the fourth quarter worth $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group in the first quarter valued at $28,000. Golden State Wealth Management LLC boosted its stake in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after buying an additional 213 shares during the period. Colonial Trust Co SC increased 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 valued at $36,000 after purchasing an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in CBRE Group by 1,400.0% in 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 in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were 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 owned 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the transaction, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,898 shares of company stock worth $1,122,558 over the last ninety days. 0.42% of the stock is currently owned by insiders.

CBRE Group Trading Up 0.7%

Shares of NYSE CBRE traded up $1.14 during mid-day trading on Friday, hitting $155.50. 990,315 shares of the company traded hands, compared to its average volume of 1,746,201. The business has a 50 day moving average of $140.69 and a two-hundred day moving average of $133.85. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1 year low of $107.54 and a 1 year high of $161.03. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 43.56 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The firm had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on CBRE shares. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Evercore ISI upped their price target on shares of CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Raymond James Financial lifted their price target on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned 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 a consensus target price of $158.00.

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.