CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lessened its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 35.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,836 shares of the financial services provider's stock after selling 9,324 shares during the period. Wealthfront Advisers LLC's holdings in CBRE Group were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after purchasing an additional 368,214 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CBRE Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock valued at $1,035,229,000 after purchasing an additional 245,821 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of CBRE Group by 17.3% during the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after purchasing an additional 605,403 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after purchasing an additional 3,011,566 shares during the last quarter. Finally, Norges Bank bought a new position in shares of CBRE Group during the 4th quarter valued at $514,609,000. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. UBS Group lifted their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Evercore ISI lifted their price target on shares of CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. dropped 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $152.78.

CBRE Group Price Performance

CBRE Group stock traded up $0.70 during mid-day trading on Friday, reaching $139.47. 995,865 shares of the company's stock traded hands, compared to its average volume of 1,811,205. The company has a market cap of $41.58 billion, a price-to-earnings ratio of 42.65 and a beta of 1.30. The stock has a 50 day moving average of $133.13 and a two-hundred day moving average of $131.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 12-month low of $96.38 and a 12-month high of $147.75.

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 for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The business had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business's revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 105,371 shares of the company's stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the sale, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at approximately $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,031 shares of company stock worth $814,080 in the last three months. Corporate insiders own 0.42% of the company's stock.

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.