Shell Asset Management Co. Decreases Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Shell Asset Management Co. trimmed its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,165 shares of the financial services provider's stock after selling 9,993 shares during the period. Shell Asset Management Co.'s holdings in CBRE Group were worth $4,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CBRE. Meridian Wealth Management LLC lifted its position in CBRE Group by 1.4% during the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after acquiring an additional 71 shares during the period. Gilbert & Cook Inc. lifted its position in CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after acquiring an additional 75 shares during the period. Signaturefd LLC lifted its position in CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after acquiring an additional 99 shares during the period. IFP Advisors Inc increased its stake in CBRE Group by 9.1% during the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after purchasing an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 104 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

NYSE CBRE traded down $1.38 during trading hours on Monday, hitting $130.23. 1,817,117 shares of the company's stock traded hands, compared to its average volume of 1,810,340. The business's fifty day moving average price is $124.42 and its two-hundred day moving average price is $132.06. 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 firm has a market capitalization of $38.82 billion, a P/E ratio of 41.47 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.

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

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 on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares in the company, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,424 shares of company stock valued at $431,064 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CBRE shares. Keefe, Bruyette & Woods raised their price objective 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. UBS Group reduced their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.22.

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.