Sequoia Financial Advisors LLC Purchases 1,978 Shares of CBRE Group, Inc. (NYSE:CBRE)

Sequoia Financial Advisors LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 28.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,900 shares of the financial services provider’s stock after acquiring an additional 1,978 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CBRE Group were worth $829,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Quilter Plc bought a new position in CBRE Group in the 1st quarter worth about $347,550,000. Turtle Creek Wealth Advisors LLC bought a new position in CBRE Group in the 4th quarter worth about $45,000. Cary Street Partners Investment Advisory LLC grew its stake in 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 worth $37,000 after acquiring an additional 326 shares in the last quarter. Belpointe Asset Management LLC grew its stake in CBRE Group by 57.4% in the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 182 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in CBRE Group in the 4th quarter worth about $48,000. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the subject of several research reports. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Raymond James upped their price target on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Evercore ISI upped their price target on shares of 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, StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday. 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’s stock. According to MarketBeat, CBRE Group has a consensus rating of “Hold” and an average price target of $99.50.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction on 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 directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,592 shares of company stock valued at $3,675,752. Insiders own 0.53% of the company’s stock.

CBRE Group Trading Down 2.7 %

NYSE:CBRE opened at $86.99 on Tuesday. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The firm has a 50 day moving average of $92.40 and a 200 day moving average of $84.62. 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 market capitalization of $26.59 billion, a price-to-earnings ratio of 27.44 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last posted its earnings results 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. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. CBRE Group’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

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.