Fiduciary Trust Co Has $1.80 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Fiduciary Trust Co trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,712 shares of the financial services provider’s stock after selling 293 shares during the quarter. Fiduciary Trust Co’s holdings in CBRE Group were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. bought a new position in CBRE Group in the fourth quarter valued at about $25,000. Denver PWM LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth approximately $29,000. Colonial Trust Co SC raised its stake in shares of CBRE Group by 183.7% during the fourth 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 boosted its stake in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings 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 worth $48,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $126.67 on Friday. The company has a fifty day moving average price of $124.49 and a 200 day moving average price of $132.09. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm has a market cap of $37.76 billion, a PE ratio of 40.34 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last announced its 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 business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. Research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CBRE. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, UBS Group cut their target price 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 research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.22.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were 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 in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,424 shares of company stock valued at $431,064. Corporate 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.