CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Vident Advisory LLC

Vident Advisory LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,139 shares of the financial services provider's stock after selling 12,892 shares during the quarter. Vident Advisory LLC's holdings in CBRE Group were worth $1,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $25,000. Denver PWM LLC bought a new stake in shares of CBRE Group in the fourth quarter valued at $29,000. Colonial Trust Co SC grew its position 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 worth $36,000 after buying an additional 180 shares in the last quarter. Larson Financial Group LLC raised its position in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after acquiring an additional 238 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods raised their price target 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. Morgan Stanley decreased their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. UBS Group dropped their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer now owns 105,371 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated 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 directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,396 shares of company stock worth $685,649 in the last quarter. Corporate insiders own 0.42% of the company's stock.

CBRE Group Trading Down 0.9%

Shares of NYSE CBRE traded down $1.07 during midday trading on Wednesday, reaching $122.84. The stock had a trading volume of 245,311 shares, compared to its average volume of 1,936,152. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company's 50 day moving average price is $123.97 and its 200 day moving average price is $131.64. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm has a market cap of $36.62 billion, a price-to-earnings ratio of 39.14 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm 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 2.71% and a return on equity of 16.96%. The business's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.