Bleakley Financial Group LLC Sells 432 Shares of CBRE Group, Inc. (NYSE:CBRE)

Bleakley Financial Group LLC lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,315 shares of the financial services provider’s stock after selling 432 shares during the quarter. Bleakley Financial Group LLC’s holdings in CBRE Group were worth $402,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Equitable Trust Co. raised its holdings in shares of CBRE Group by 0.9% in the fourth quarter. Equitable Trust Co. now owns 35,495 shares of the financial services provider’s stock valued at $3,304,000 after purchasing an additional 310 shares during the last quarter. Retireful LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $1,915,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of CBRE Group by 4.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,486 shares of the financial services provider’s stock valued at $8,144,000 after purchasing an additional 3,370 shares during the last quarter. LDR Capital Management LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $871,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $42,460,000. Institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly 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 sold a total of 39,592 shares of company stock valued at $3,675,752 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

CBRE Group Trading Down 1.4 %

CBRE stock opened at $89.39 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day moving average price of $92.33 and a two-hundred day moving average price of $84.52. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The stock has a market cap of $27.33 billion, a price-to-earnings ratio of 28.20 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business posted $1.33 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts anticipate that CBRE Group, Inc. will post 4.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CBRE shares. Raymond James lifted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Evercore ISI boosted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Finally, TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $99.50.

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.