Wright Investors Service Inc. Decreases Position in CBRE Group, Inc. (NYSE:CBRE)

Wright Investors Service Inc. lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 23.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 49,587 shares of the financial services provider's stock after selling 15,482 shares during the period. CBRE Group makes up approximately 1.3% of Wright Investors Service Inc.'s holdings, making the stock its 18th largest position. Wright Investors Service Inc.'s holdings in CBRE Group were worth $4,616,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Belpointe Asset Management LLC grew its stake in shares of CBRE Group by 57.4% in the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 182 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 326 shares during the period. Headinvest LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBRE. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $96.00 to $100.00 and gave the company a "market perform" rating in a research note on Friday, February 16th. TheStreet upgraded CBRE Group from a "c+" rating to a "b-" rating in a research report on Thursday, January 25th. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 13th. Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group started coverage on CBRE Group in a research report on Wednesday, April 10th. They set a "hold" rating and a $107.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $99.50.

CBRE Group Stock Performance

CBRE remained flat at $85.14 during mid-day trading on Thursday. The company's stock had a trading volume of 1,522,261 shares, compared to its average volume of 1,646,148. The company has a market cap of $26.13 billion, a PE ratio of 26.86 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $92.43 and a two-hundred day moving average price of $84.71. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. As a group, analysts expect that CBRE Group, Inc. will post 4.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares of the company's stock, valued at approximately $6,766,895.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares of the company's stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 in the last 90 days. 0.53% of the stock is owned by company insiders.

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.