Schonfeld Strategic Advisors LLC Has $244,000 Holdings in CBRE Group, Inc. (NYSE:CBRE)

Schonfeld Strategic Advisors LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 97.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,857 shares of the financial services provider's stock after selling 80,147 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in CBRE Group were worth $244,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CBRE. Untitled Investments LP acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $13,434,000. AQR Capital Management LLC boosted its position in CBRE Group by 278.5% during the 4th quarter. AQR Capital Management LLC now owns 942,937 shares of the financial services provider's stock valued at $123,798,000 after purchasing an additional 693,816 shares during the period. Lido Advisors LLC boosted its position in CBRE Group by 7.7% during the 4th quarter. Lido Advisors LLC now owns 8,035 shares of the financial services provider's stock valued at $1,055,000 after purchasing an additional 577 shares during the period. Northern Trust Corp boosted its position in CBRE Group by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock worth $497,525,000 after acquiring an additional 424,663 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in CBRE Group by 7.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 246,552 shares of the financial services provider's stock worth $32,370,000 after acquiring an additional 17,726 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 1.0%

Shares of CBRE Group stock traded up $1.31 on Friday, reaching $131.58. 1,341,461 shares of the company were exchanged, compared to its average volume of 1,808,962. The stock has a fifty day moving average price of $124.42 and a 200-day moving average price of $132.05. The firm has a market capitalization of $39.22 billion, a price-to-earnings ratio of 41.90 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results 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. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 107,343 shares in the company, 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. In the last ninety days, insiders sold 3,424 shares of company stock worth $431,064. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. UBS Group dropped their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Morgan Stanley dropped their price objective on 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, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price 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.