Orion Portfolio Solutions LLC Sells 797 Shares of CBRE Group, Inc. (NYSE:CBRE)

Orion Portfolio Solutions LLC trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,030 shares of the financial services provider’s stock after selling 797 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CBRE Group were worth $3,417,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after acquiring an additional 277,922 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of CBRE Group by 2.8% during the third quarter. The Manufacturers Life Insurance Company now owns 213,505 shares of the financial services provider’s stock valued at $26,577,000 after purchasing an additional 5,743 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of CBRE Group by 70.9% in the third quarter. Townsquare Capital LLC now owns 5,595 shares of the financial services provider’s stock worth $696,000 after purchasing an additional 2,322 shares during the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of CBRE Group in the third quarter worth about $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CBRE Group by 3.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,806 shares of the financial services provider’s stock valued at $12,050,000 after buying an additional 3,281 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CBRE shares. Raymond James downgraded 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. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Morgan Stanley increased their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three equities 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Stock Performance

CBRE Group stock opened at $129.40 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. The firm has a market capitalization of $38.82 billion, a P/E ratio of 41.21 and a beta of 1.42. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company’s 50-day moving average is $137.54 and its 200 day moving average is $132.36.

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

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.