CBRE Group, Inc. (NYSE:CBRE) Stake Trimmed by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,765 shares of the financial services provider’s stock after selling 17,847 shares during the quarter. CBRE Group comprises about 5.1% of Waterfront Capital Partners LLC’s portfolio, making the stock its 2nd biggest holding. Waterfront Capital Partners LLC owned approximately 0.07% of CBRE Group worth $27,934,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CBRE. Hudson Valley Investment Advisors Inc. ADV acquired a new position in CBRE Group during the fourth quarter worth $1,518,000. Merit Financial Group LLC purchased a new position in shares of CBRE Group during the 4th quarter worth $256,000. Fulton Bank N.A. boosted its position in shares of CBRE Group by 342.0% during the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after acquiring an additional 19,227 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $175,978,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of CBRE Group by 12.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock valued at $391,752,000 after purchasing an additional 338,298 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CBRE. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods cut their target price on CBRE Group from $145.00 to $129.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price 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. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned 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 a consensus target price of $149.00.

CBRE Group Stock Performance

NYSE CBRE opened at $122.84 on Friday. The company has a market cap of $36.83 billion, a P/E ratio of 39.12 and a beta of 1.26. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. 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 50-day moving average of $128.10 and a two-hundred day moving average of $131.93.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity

In related news, insider Chad J. Doellinger sold 797 shares of the company’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 transaction of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 completion of the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% 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.