CBRE Group, Inc. (NYSE:CBRE) is Shayne & Jacobs LLC’s 9th Largest Position

Shayne & Jacobs LLC lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 0.7% during the first quarter, HoldingsChannel reports. The firm owned 34,986 shares of the financial services provider’s stock after selling 260 shares during the period. CBRE Group comprises approximately 1.1% of Shayne & Jacobs LLC’s portfolio, making the stock its 9th biggest holding. Shayne & Jacobs LLC’s holdings in CBRE Group were worth $4,575,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CBRE. Investment Management Corp VA ADV bought a new position in CBRE Group during the fourth quarter worth about $28,000. Hughes Financial Services LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its holdings in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after buying an additional 213 shares during the period. Colonial Trust Co SC grew its stake in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CBRE. JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Morgan Stanley restated an “overweight” rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. Finally, Evercore ISI increased their target price on shares of CBRE Group from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $152.78.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,972 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total transaction of $254,585.20. Following the transaction, the chief financial officer directly owned 105,371 shares of the company’s stock, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the sale, the chief accounting officer owned 20,131 shares of the company’s stock, valued at $2,818,340. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,031 shares of company stock valued at $814,080 over the last 90 days. 0.42% of the stock is owned by insiders.

CBRE Group Stock Down 2.9%

CBRE stock opened at $136.96 on Wednesday. The company’s 50 day moving average is $132.34 and its 200 day moving average is $131.62. The stock has a market cap of $40.83 billion, a price-to-earnings ratio of 41.88 and a beta of 1.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 1-year low of $96.14 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion during the quarter, compared to analysts’ expectations of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS 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.