CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Land & Buildings Investment Management LLC

Land & Buildings Investment Management LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,478 shares of the financial services provider's stock after selling 10,545 shares during the period. CBRE Group comprises approximately 5.1% of Land & Buildings Investment Management LLC's investment portfolio, making the stock its 11th biggest position. Land & Buildings Investment Management LLC owned approximately 0.06% of CBRE Group worth $25,008,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in CBRE Group by 3.2% in 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 buying an additional 245,821 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after acquiring an additional 177,119 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in shares of CBRE Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock valued at $623,416,000 after acquiring an additional 25,142 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of CBRE Group by 17.3% in the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after acquiring an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after acquiring an additional 3,011,566 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.9%

CBRE stock traded up $1.16 during midday trading on Thursday, hitting $130.22. 1,230,113 shares of the company's stock were exchanged, compared to its average volume of 1,813,495. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $38.82 billion, a PE ratio of 41.47 and a beta of 1.30. The business has a 50-day simple moving average of $124.22 and a two-hundred day simple moving average of $132.05.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Morgan Stanley reduced their target price 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 lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. 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 report on Friday, January 24th. Finally, JPMorgan Chase & Co. reduced their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $149.22.

Insider Activity

In other news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,424 shares of company stock valued at $431,064. Company insiders own 0.42% of the company's stock.

CBRE Group 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.