Tectonic Advisors LLC Sells 1,861 Shares of CBRE Group, Inc. (NYSE:CBRE)

Tectonic Advisors LLC trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,183 shares of the financial services provider's stock after selling 1,861 shares during the quarter. Tectonic Advisors LLC's holdings in CBRE Group were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CBRE. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group in the 4th quarter worth about $28,000. Hughes Financial Services LLC bought a new stake in CBRE Group in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC raised its stake in 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 acquiring an additional 213 shares during the period. Colonial Trust Co SC raised its stake 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 acquiring an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in CBRE Group by 1,400.0% in 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 acquiring an additional 266 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

Shares of CBRE Group stock traded up $0.70 on Friday, reaching $139.47. The stock had a trading volume of 995,686 shares, compared to its average volume of 1,808,733. The business's 50 day moving average is $132.87 and its two-hundred day moving average is $131.73. The company has a market cap of $41.58 billion, a P/E ratio of 42.65 and a beta of 1.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 1 year low of $96.38 and a 1 year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. CBRE Group's quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction that occurred 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 directly owned 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the transaction, the insider owned 27,945 shares in the company, valued at $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. Insiders have sold 6,031 shares of company stock valued at $814,080 over the last three months. 0.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research reports. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Evercore ISI boosted their price objective on CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Keefe, Bruyette & Woods boosted 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. Finally, JPMorgan Chase & Co. lowered their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $152.78.

About CBRE Group

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.