Jacobs Levy Equity Management Inc. Sells 11,892 Shares of CBRE Group, Inc. (NYSE:CBRE)

Jacobs Levy Equity Management Inc. decreased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,575 shares of the financial services provider's stock after selling 11,892 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in CBRE Group were worth $11,629,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

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 shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,424 shares of company stock worth $431,064 over the last ninety days. 0.42% of the stock is owned by corporate insiders.

CBRE Group Price Performance

Shares of CBRE traded up $1.31 during midday trading on Friday, hitting $131.58. 1,341,461 shares of the company traded hands, compared to its average volume of 1,811,133. The stock has a 50-day moving average of $124.31 and a 200-day moving average of $132.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The firm has a market cap of $39.22 billion, a P/E ratio of 41.90 and a beta of 1.30.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CBRE shares. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. UBS Group reduced their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $149.22.

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.