Shell Asset Management Co. Sells 9,993 Shares of CBRE Group, Inc. (NYSE:CBRE)

Shell Asset Management Co. lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 22.6% during the 4th quarter, HoldingsChannel reports. The firm owned 34,165 shares of the financial services provider’s stock after selling 9,993 shares during the period. Shell Asset Management Co.’s holdings in CBRE Group were worth $4,486,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in CBRE Group in the fourth quarter valued at $25,000. Denver PWM LLC purchased a new stake in CBRE Group during the fourth quarter valued at about $29,000. Colonial Trust Co SC raised its position in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. Larson Financial Group LLC raised its position in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 281 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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 research report on Thursday, April 10th. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. UBS Group reduced their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. 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 company’s stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.22.

CBRE Group Stock Up 0.9%

NYSE CBRE opened at $130.22 on Friday. 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 stock has a market capitalization of $38.82 billion, a PE ratio of 41.47 and a beta of 1.30. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The business’s 50-day moving average is $124.31 and its 200 day moving average is $132.04.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the sale, the insider now directly owns 27,945 shares of the company’s stock, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred 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 owns 107,343 shares of the company’s stock, valued at $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,424 shares of company stock valued at $431,064 over the last ninety days. 0.42% of the stock is owned by insiders.

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.