First Trust Advisors LP Sells 37,778 Shares of CBRE Group, Inc. (NYSE:CBRE)

First Trust Advisors LP decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 70.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,521 shares of the financial services provider's stock after selling 37,778 shares during the quarter. First Trust Advisors LP's holdings in CBRE Group were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Meridian Wealth Management LLC grew its stake in shares of CBRE Group by 1.4% in the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after buying an additional 71 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after purchasing an additional 75 shares during the last quarter. Signaturefd LLC raised its holdings in shares of CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of CBRE Group by 9.1% in the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after purchasing an additional 100 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after purchasing an additional 104 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were 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 directly owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,424 shares of company stock valued at $431,064 over the last quarter. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group reduced their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Morgan Stanley dropped their price target on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

CBRE Group Trading Up 0.9 %

Shares of CBRE stock traded up $1.14 on Friday, reaching $126.67. The company had a trading volume of 1,307,397 shares, compared to its average volume of 1,810,609. The company has a 50-day moving average of $124.49 and a 200-day moving average of $132.03. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a market cap of $37.76 billion, a PE ratio of 40.34 and a beta of 1.30. 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 (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for 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%. The business's quarterly 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. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.