Laird Norton Wetherby Wealth Management LLC Trims Holdings in CBRE Group, Inc. (NYSE:CBRE)

Laird Norton Wetherby Wealth Management LLC cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,092 shares of the financial services provider’s stock after selling 338 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in CBRE Group were worth $3,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBRE. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $25,000. Denver PWM LLC bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $29,000. Colonial Trust Co SC grew its stake in shares of CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after buying an additional 180 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after buying an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after buying an additional 238 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBRE. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. Morgan Stanley cut their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Evercore ISI cut their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $149.22.

CBRE Group Trading Up 0.9%

CBRE Group stock opened at $126.67 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock has a market capitalization of $37.76 billion, a PE ratio of 40.34 and a beta of 1.30. The business’s fifty day moving average is $124.49 and its 200 day moving average is $132.08.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling

In other news, 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 value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,424 shares of company stock worth $431,064. 0.42% of the stock is owned by insiders.

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.