Lbp Am Sa Cuts Position in CBRE Group, Inc. (NYSE:CBRE)

LBP AM SA decreased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,631 shares of the financial services provider's stock after selling 5,070 shares during the period. LBP AM SA's holdings in CBRE Group were worth $18,653,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CBRE. SBI Securities Co. Ltd. purchased a new stake in CBRE Group during the 4th quarter worth about $25,000. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group in the fourth quarter worth about $28,000. Golden State Wealth Management LLC grew its position in CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 213 shares in the last quarter. Colonial Trust Co SC boosted its position in 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. grew its stake in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Trading Down 0.5%

CBRE Group stock traded down $0.77 during midday trading on Friday, hitting $140.44. 1,049,015 shares of the stock were exchanged, compared to its average volume of 1,814,509. The stock has a market capitalization of $41.87 billion, a PE ratio of 42.95 and a beta of 1.30. CBRE Group, Inc. has a 52 week low of $91.19 and a 52 week high of $147.75. 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 company has a fifty day simple moving average of $131.50 and a two-hundred day simple moving average of $131.46.

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 firm had revenue of $8.91 billion during 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 quarterly 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 earnings per share. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the topic of several research reports. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Evercore ISI boosted their target price on shares of CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their price target 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. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.78.

Insider Activity

In related 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 transaction, the chief financial officer owned 105,371 shares in the company, valued at $13,603,396.10. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the firm's stock in a transaction dated 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 directly owned 20,131 shares in the company, valued at $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,031 shares of company stock worth $814,080. Insiders own 0.42% of the company's stock.

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.