HGI Capital Management LLC Cuts Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

HGI Capital Management LLC decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 39.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,634 shares of the financial services provider’s stock after selling 18,678 shares during the quarter. CBRE Group makes up about 3.9% of HGI Capital Management LLC’s holdings, making the stock its 10th biggest holding. HGI Capital Management LLC’s holdings in CBRE Group were worth $3,759,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of CBRE Group in the 4th quarter worth $25,000. Denver PWM LLC purchased a new stake in CBRE Group in the fourth quarter worth about $29,000. Larson Financial Group LLC grew its holdings in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of CBRE Group in the 4th quarter valued at about $58,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CBRE. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. UBS Group cut their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price objective on CBRE Group from $145.00 to $129.00 and set a “market perform” rating for the company in a research note on Thursday. Evercore ISI cut their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.56.

CBRE Group Trading Up 0.2 %

NYSE CBRE opened at $117.45 on Friday. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a fifty day simple moving average of $130.45 and a two-hundred day simple moving average of $132.04. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market cap of $35.22 billion, a P/E ratio of 37.41 and a beta of 1.26.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

About CBRE Group

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.