CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,969 shares of the financial services provider's stock after selling 3,597 shares during the period. Johnson Financial Group Inc.'s holdings in CBRE Group were worth $2,167,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV bought a new stake in CBRE Group in the fourth quarter worth $1,518,000. Merit Financial Group LLC purchased a new stake in CBRE Group in the fourth quarter worth about $256,000. Fulton Bank N.A. grew its holdings in CBRE Group by 342.0% in the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after purchasing an additional 19,227 shares during the period. Manning & Napier Advisors LLC purchased a new stake in CBRE Group during the 4th quarter valued at $175,978,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of CBRE Group by 12.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after purchasing an additional 338,298 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBRE has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James lowered 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 note on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Evercore ISI decreased their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $149.22.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction 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 sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

CBRE Group Trading Up 1.8 %

NYSE:CBRE traded up $2.21 on Thursday, hitting $124.39. The stock had a trading volume of 737,723 shares, compared to its average volume of 1,989,855. The company has a fifty day moving average price of $126.53 and a two-hundred day moving average price of $131.95. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The stock has a market cap of $37.08 billion, a price-to-earnings ratio of 39.62 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the firm posted $0.78 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.