PNC Financial Services Group Inc. Sells 4,450 Shares of CBRE Group, Inc. (NYSE:CBRE)

PNC Financial Services Group Inc. lowered its stake in CBRE Group, Inc. (NYSE:CBREFree Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,798 shares of the financial services provider’s stock after selling 4,450 shares during the period. PNC Financial Services Group Inc.’s holdings in CBRE Group were worth $10,966,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. Principal Securities Inc. bought a new position in shares of CBRE Group in the 4th quarter valued at $844,000. AJOVista LLC bought a new position in shares of CBRE Group in the fourth quarter worth about $208,000. SG Americas Securities LLC lifted its holdings in shares of CBRE Group by 795.4% in the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock worth $13,107,000 after acquiring an additional 125,071 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of CBRE Group by 37.9% in the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock valued at $11,975,000 after purchasing an additional 35,386 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in shares of CBRE Group during the 4th quarter valued at approximately $1,083,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CBRE. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Raymond James boosted their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Jefferies Financial Group began coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $99.50.

View Our Latest Report on CBRE

CBRE Group Trading Down 0.9 %

Shares of CBRE stock opened at $89.61 on Thursday. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock has a market cap of $27.49 billion, a price-to-earnings ratio of 27.92 and a beta of 1.44. The stock has a 50-day moving average of $90.86 and a 200-day moving average of $87.77.

CBRE Group (NYSE:CBREGet Free Report) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that CBRE Group, Inc. will post 4.49 earnings per share for the current year.

CBRE Group Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBREFree Report).

Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.