Tower Research Capital LLC TRC Sells 3,892 Shares of CBRE Group, Inc. (NYSE:CBRE)

Tower Research Capital LLC TRC trimmed its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,231 shares of the financial services provider's stock after selling 3,892 shares during the period. Tower Research Capital LLC TRC's holdings in CBRE Group were worth $2,000,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group during the 4th quarter valued at $25,000. Denver PWM LLC purchased a new position in CBRE Group during the 4th quarter valued at about $29,000. Larson Financial Group LLC boosted its stake in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after purchasing an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $58,000. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE traded up $0.32 on Monday, reaching $121.05. The company's stock had a trading volume of 278,154 shares, compared to its average volume of 2,002,882. The stock's 50 day simple moving average is $127.65 and its two-hundred day simple moving average is $132.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a market capitalization of $36.30 billion, a P/E ratio of 38.55 and a beta of 1.26. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month 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, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the 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 sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction 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 transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. UBS Group dropped their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley reduced their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.00.

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.