Ariel Investments LLC Sells 54,685 Shares of CBRE Group, Inc. (NYSE:CBRE)

Ariel Investments LLC lessened its holdings in CBRE Group, Inc. (NYSE:CBRE) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,823 shares of the financial services provider’s stock after selling 54,685 shares during the quarter. Ariel Investments LLC’s holdings in CBRE Group were worth $47,372,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

CBRE has been the topic of a number of analyst reports. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Morgan Stanley dropped their target price on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.22.

CBRE Group Trading Up 2.5 %

Shares of CBRE stock opened at $126.64 on Friday. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a market capitalization of $37.75 billion, a PE ratio of 40.33 and a beta of 1.26. The firm has a 50 day moving average price of $126.00 and a two-hundred day moving average price of $131.99. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

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

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business’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 value of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

About CBRE Group

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.