Savant Capital LLC Cuts Position in CBRE Group, Inc. (NYSE:CBRE)

Savant Capital LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 15.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,166 shares of the financial services provider’s stock after selling 590 shares during the period. Savant Capital LLC’s holdings in CBRE Group were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CBRE. Turtle Creek Wealth Advisors LLC bought a new position in shares of CBRE Group during the 4th quarter valued at $45,000. Cary Street Partners Investment Advisory LLC boosted its position in CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in CBRE Group during the fourth quarter valued at about $48,000. Planned Solutions Inc. bought a new position in shares of CBRE Group during the fourth quarter valued at about $52,000. Finally, Headinvest LLC purchased a new position in shares of CBRE Group in the third quarter worth about $44,000. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was 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 owns 72,350 shares in the company, 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 worth $3,675,752 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent research reports. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Raymond James increased their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Evercore ISI boosted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Finally, TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Hold” and an average price target of $99.50.

CBRE Group Stock Down 0.3 %

Shares of NYSE CBRE opened at $86.32 on Tuesday. The firm has a fifty day simple moving average of $91.63 and a two-hundred day simple moving average of $86.14. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65. The company has a current ratio of 1.15, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $26.50 billion, a PE ratio of 26.89 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. CBRE Group’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Equities analysts expect that CBRE Group, Inc. will post 4.45 earnings per share for the current year.

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.