Sendero Wealth Management LLC Lowers Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sendero Wealth Management LLC lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,875 shares of the financial services provider's stock after selling 3,583 shares during the period. CBRE Group comprises approximately 0.9% of Sendero Wealth Management LLC's holdings, making the stock its 27th largest holding. Sendero Wealth Management LLC's holdings in CBRE Group were worth $6,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group during the 4th quarter valued at about $25,000. Investment Management Corp VA ADV bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $28,000. Denver PWM LLC purchased a new position in CBRE Group during the fourth quarter valued at approximately $29,000. Colonial Trust Co SC increased its holdings in CBRE Group by 183.7% during the fourth 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, Larson Financial Group LLC raised its stake in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after buying an additional 281 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Up 0.1%

CBRE Group stock traded up $0.09 during midday trading on Thursday, reaching $127.50. The company's stock had a trading volume of 1,222,821 shares, compared to its average volume of 1,834,115. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a market capitalization of $38.01 billion, a P/E ratio of 40.61 and a beta of 1.30. The stock's 50-day simple moving average is $123.15 and its 200-day simple moving average is $131.30. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. CBRE Group's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,396 shares of company stock worth $685,649. Company insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBRE. Morgan Stanley dropped their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. 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 report on Wednesday, April 30th. Finally, UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.22.

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.