Geller Advisors LLC Trims Stake in CBRE Group, Inc. (NYSE:CBRE)

Geller Advisors LLC decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,911 shares of the financial services provider’s stock after selling 562 shares during the period. Geller Advisors LLC’s holdings in CBRE Group were worth $251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CBRE. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in CBRE Group in the fourth quarter worth approximately $1,518,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CBRE Group by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider’s stock valued at $2,181,000 after purchasing an additional 466 shares in the last quarter. Graypoint LLC boosted its stake in shares of CBRE Group by 11.2% in the 4th quarter. Graypoint LLC now owns 2,028 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 205 shares in the last quarter. Czech National Bank grew its holdings in shares of CBRE Group by 6.3% during the 4th quarter. Czech National Bank now owns 65,219 shares of the financial services provider’s stock valued at $8,563,000 after purchasing an additional 3,860 shares during the last quarter. Finally, Wedmont Private Capital raised its position in CBRE Group by 5.8% in the 4th quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Morgan Stanley reduced their price target on CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, UBS Group dropped their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.22.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, 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. Over the last ninety days, insiders sold 3,424 shares of company stock worth $431,064. Insiders own 0.42% of the company’s stock.

CBRE Group Trading Up 0.9 %

CBRE opened at $126.67 on Friday. 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, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The stock has a market cap of $37.76 billion, a PE ratio of 40.34 and a beta of 1.30. The business has a 50 day moving average of $124.49 and a 200-day moving average of $132.03.

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

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.