KBC Group NV Sells 29,747 Shares of CBRE Group, Inc. (NYSE:CBRE)

KBC Group NV reduced its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 238,518 shares of the financial services provider's stock after selling 29,747 shares during the period. KBC Group NV owned about 0.08% of CBRE Group worth $31,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group during the 4th quarter worth approximately $28,000. Golden State Wealth Management LLC increased its position 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 purchasing an additional 213 shares during the last quarter. Colonial Trust Co SC grew 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 buying an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 acquiring an additional 266 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group decreased their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Keefe, Bruyette & Woods upped their price target on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Three equities 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 presently has an average rating of "Moderate Buy" and an average price target of $150.33.

CBRE Group Stock Performance

CBRE Group stock traded up $1.50 during trading hours on Tuesday, hitting $141.62. 1,288,152 shares of the stock traded hands, compared to its average volume of 1,812,014. The stock has a market capitalization of $42.22 billion, a price-to-earnings ratio of 43.31 and a beta of 1.30. CBRE Group, Inc. has a 1 year low of $85.74 and a 1 year high of $147.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm's 50 day moving average price is $128.29 and its 200-day moving average price is $130.89.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The business had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. During the same period last year, the firm earned $0.78 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the transaction, the chief accounting officer owned 20,131 shares of the company's stock, valued at $2,818,340. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider directly owned 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,031 shares of company stock worth $814,080 in the last three months. 0.42% of the stock is currently owned by company insiders.

CBRE Group Company 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.