CBRE Group, Inc. (NYSE:CBRE) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 67.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,553 shares of the financial services provider's stock after selling 5,251 shares during the quarter. MJP Associates Inc. ADV's holdings in CBRE Group were worth $335,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CBRE. Geode Capital Management LLC lifted its holdings in CBRE Group by 3.2% during the fourth 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in 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 purchasing an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC lifted its holdings in 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 purchasing an additional 25,142 shares in the last quarter. Franklin Resources Inc. lifted its holdings 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 worth $538,390,000 after buying an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted 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. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent research reports. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Morgan Stanley reduced their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Three equities research 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 company. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus price target of $149.22.

Insiders Place Their Bets

In other CBRE Group 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,424 shares of company stock worth $431,064 in the last three months. Corporate insiders own 0.42% of the company's stock.

CBRE Group Trading Up 1.0%

CBRE stock traded up $1.31 during trading on Friday, hitting $131.58. The company had a trading volume of 1,341,461 shares, compared to its average volume of 1,808,962. The firm has a market capitalization of $39.22 billion, a P/E ratio of 41.90 and a beta of 1.30. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a 50 day simple moving average of $124.31 and a 200-day simple moving average of $132.04. 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 (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. As a group, research analysts forecast 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.