CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,765 shares of the financial services provider’s stock after selling 339 shares during the period. Raymond James Trust N.A.’s holdings in CBRE Group were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CBRE. American National Bank & Trust purchased a new position in CBRE Group during the third quarter valued at $28,000. Benjamin F. Edwards & Company Inc. lifted its stake in CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the 3rd quarter valued at about $32,000. Wolff Wiese Magana LLC boosted its holdings in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group during the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their position. 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 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CBRE shares. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Evercore ISI increased their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Finally, Citigroup boosted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

CBRE Group Price Performance

CBRE Group stock opened at $140.44 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $127.66 and a 200 day moving average price of $109.52. CBRE Group, Inc. has a 12-month low of $78.18 and a 12-month high of $141.05. The stock has a market cap of $42.98 billion, a P/E ratio of 45.16 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

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.