Fmr LLC Sells 99,523 Shares of CBRE Group, Inc. (NYSE:CBRE)

Fmr LLC lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,487,519 shares of the financial services provider’s stock after selling 99,523 shares during the period. Fmr LLC owned 2.45% of CBRE Group worth $983,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. Meridian Wealth Management LLC grew its position in shares of CBRE Group by 1.4% during the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 71 shares in the last quarter. Gilbert & Cook Inc. grew its position in CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after buying an additional 75 shares in the last quarter. Signaturefd LLC raised its holdings in shares of CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 99 shares in the last quarter. IFP Advisors Inc boosted its position in shares of CBRE Group by 9.1% during the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 100 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in shares of CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 0.9 %

Shares of NYSE CBRE opened at $117.01 on Tuesday. The company has a market cap of $35.11 billion, a price-to-earnings ratio of 37.26 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average is $135.76 and its 200 day moving average is $132.62. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CBRE shares. Evercore ISI dropped their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was 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 in the company, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% 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.