Simplicity Solutions LLC Sells 432 Shares of CBRE Group, Inc. (NYSE:CBRE)

Simplicity Solutions LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,315 shares of the financial services provider’s stock after selling 432 shares during the quarter. Simplicity Solutions LLC’s holdings in CBRE Group were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CBRE. HighTower Advisors LLC raised its position in shares of CBRE Group by 6.1% in the 1st quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock valued at $1,344,000 after buying an additional 845 shares in the last quarter. Vontobel Holding Ltd. increased its stake in CBRE Group by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock valued at $839,000 after acquiring an additional 634 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in CBRE Group by 7,628.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,602 shares in the last quarter. Covestor Ltd lifted its stake in CBRE Group by 78.5% during the first quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 477 shares during the last quarter. Finally, Ergoteles LLC acquired a new stake in shares of CBRE Group in the 1st quarter valued at $259,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on CBRE shares. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. 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 price target on the stock. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Finally, Raymond James boosted their target price on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $99.50.

CBRE Group Stock Down 0.3 %

Shares of NYSE CBRE opened at $84.90 on Friday. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. 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 firm has a market cap of $26.06 billion, a PE ratio of 26.78 and a beta of 1.42. The company has a 50 day simple moving average of $92.40 and a 200 day simple moving average of $84.79.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $8.44 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, research analysts forecast that CBRE Group, Inc. will post 4.44 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on 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 in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.53% of the stock is currently owned by company insiders.

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.