CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 56.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,617 shares of the financial services provider’s stock after selling 2,102 shares during the quarter. Farther Finance Advisors LLC’s holdings in CBRE Group were worth $212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group during the 4th quarter valued at about $25,000. Investment Management Corp VA ADV acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $28,000. Denver PWM LLC purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $29,000. Colonial Trust Co SC increased its stake in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,972 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now owns 105,371 shares in the company, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the transaction, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,599 shares of company stock valued at $333,600. Insiders own 0.42% of the company’s stock.

CBRE Group Stock Performance

NYSE CBRE opened at $133.35 on Friday. The business’s 50-day moving average price is $125.40 and its 200 day moving average price is $130.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75. The company has a market capitalization of $39.75 billion, a PE ratio of 40.78 and a beta of 1.29.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm posted $0.78 EPS. The company’s revenue was up 12.3% on a year-over-year basis. On average, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Morgan Stanley reissued an “overweight” rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group dropped their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.33.

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.