Sanibel Captiva Trust Company Inc. Sells 4,525 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sanibel Captiva Trust Company Inc. decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,888 shares of the financial services provider's stock after selling 4,525 shares during the period. CBRE Group comprises 0.9% of Sanibel Captiva Trust Company Inc.'s holdings, making the stock its 28th largest holding. Sanibel Captiva Trust Company Inc. owned approximately 0.07% of CBRE Group worth $27,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group during the fourth quarter valued at about $25,000. Investment Management Corp VA ADV bought a new position in shares of CBRE Group during the 4th quarter worth approximately $28,000. Denver PWM LLC acquired a new stake in CBRE Group in the fourth quarter worth $29,000. Colonial Trust Co SC grew its stake 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. grew 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 acquiring an additional 266 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

Shares of NYSE CBRE traded down $2.65 during midday trading on Friday, hitting $132.87. 1,097,705 shares of the company's stock were exchanged, compared to its average volume of 1,826,724. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12-month low of $85.74 and a 12-month high of $147.75. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 42.32 and a beta of 1.29. The business's fifty day moving average price is $124.20 and its two-hundred day moving average price is $131.14.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same period in the prior year, the business earned $0.78 EPS. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company'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 completion of the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $62,268.70. Following the completion of the transaction, the insider now directly owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,599 shares of company stock worth $584,980. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. UBS Group reduced their price objective on 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 raised their price target on shares of CBRE Group from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $150.33.

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.