Tectonic Advisors LLC Sells 108 Shares of CBRE Group, Inc. (NYSE:CBRE)

Tectonic Advisors LLC lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,833 shares of the financial services provider’s stock after selling 108 shares during the period. Tectonic Advisors LLC’s holdings in CBRE Group were worth $602,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares during the period. Fidelis Capital Partners LLC increased its stake in shares of CBRE Group by 2.5% during the second quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock valued at $349,000 after buying an additional 96 shares during the period. Studio Investment Management LLC increased its stake in shares of CBRE Group by 2.5% during the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after buying an additional 135 shares during the period. Mather Group LLC. grew its stake in CBRE Group by 8.7% in the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 138 shares during the last quarter. Finally, Rathbones Group PLC grew its stake in CBRE Group by 3.0% in the second quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 0.7 %

Shares of NYSE:CBRE opened at $132.54 on Friday. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $136.06. The company has a market capitalization of $40.67 billion, a PE ratio of 41.29 and a beta of 1.40. The business has a 50 day moving average of $119.43 and a two-hundred day moving average of $101.99. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. As a group, analysts forecast that CBRE Group, Inc. will post 4.81 EPS for the current year.

Insider Transactions at CBRE Group

In other news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the transaction, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at $7,538,019.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, COO Vikramaditya Kohli sold 1,074 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at approximately $7,538,019.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 3,311 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the sale, the chief financial officer now owns 71,969 shares of the company’s stock, valued at $7,836,704.41. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock valued at $2,839,047 in the last three months. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Raymond James lifted their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Evercore ISI lifted their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Morgan Stanley assumed coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.83.

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.