Park Avenue Securities LLC Decreases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Park Avenue Securities LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,078 shares of the financial services provider's stock after selling 4,082 shares during the quarter. Park Avenue Securities LLC's holdings in CBRE Group were worth $4,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new position in CBRE Group in the fourth quarter valued at $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 holdings 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, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Morgan Stanley boosted their target price on CBRE Group from $160.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group lowered their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective 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. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. dropped their price target 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. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,599 shares of company stock valued at $584,980 over the last quarter. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Down 1.9%

Shares of CBRE traded down $2.54 on Friday, reaching $132.98. The stock had a trading volume of 125,895 shares, compared to its average volume of 1,821,792. 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 12-month low of $85.74 and a 12-month high of $147.75. The firm has a market capitalization of $39.64 billion, a price-to-earnings ratio of 42.43 and a beta of 1.29. The company has a 50-day simple moving average of $123.81 and a 200-day simple moving average of $131.19.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.