CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,748 shares of the financial services provider’s stock after selling 266 shares during the period. Snowden Capital Advisors LLC’s holdings in CBRE Group were worth $755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of CBRE Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider’s stock worth $1,035,229,000 after purchasing an additional 245,821 shares during the period. Principal Financial Group Inc. boosted its holdings in CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after buying an additional 177,119 shares in the last quarter. Cantillon Capital Management LLC grew its position in CBRE Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock worth $623,416,000 after buying an additional 25,142 shares during the period. Franklin Resources Inc. increased its holdings in CBRE Group by 17.3% in the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider’s stock valued at $538,390,000 after buying an additional 605,403 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price target 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 decreased their target price on CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. UBS Group decreased their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. Three 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.22.

CBRE Group Trading Down 1.0%

Shares of CBRE stock opened at $130.23 on Tuesday. The company has a market capitalization of $38.82 billion, a price-to-earnings ratio of 41.47 and a beta of 1.30. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. 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 firm has a 50-day moving average price of $124.48 and a 200 day moving average price of $132.06.

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

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the transaction, the insider now owns 27,945 shares of the company’s stock, 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. Insiders sold 3,424 shares of company stock valued at $431,064 in the last ninety days. Company insiders own 0.42% of the company’s stock.

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.