Segall Bryant & Hamill LLC Sells 10,529 Shares of CBRE Group, Inc. (NYSE:CBRE)

Segall Bryant & Hamill LLC decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 12.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,013 shares of the financial services provider’s stock after selling 10,529 shares during the period. Segall Bryant & Hamill LLC’s holdings in CBRE Group were worth $10,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in CBRE Group by 4.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 85 shares during the period. Beverly Hills Private Wealth LLC boosted its stake in shares of CBRE Group by 1.9% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 93 shares during the last quarter. Signaturefd LLC boosted its stake in shares of CBRE Group by 2.0% during the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 99 shares during the last quarter. Legacy Advisors LLC boosted its stake in shares of CBRE Group by 6.4% during the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 108 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of CBRE Group by 5.1% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.3%

NYSE CBRE opened at $138.82 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 52 week low of $96.38 and a 52 week high of $147.75. The stock has a market capitalization of $41.38 billion, a PE ratio of 42.45 and a beta of 1.30. The firm has a 50 day moving average of $132.87 and a two-hundred day moving average of $131.73.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data 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. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,972 shares of the company’s stock in a transaction on Monday, May 19th. The shares were 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 $13,603,396.10. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the transaction, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,031 shares of company stock worth $814,080. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group upped their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Evercore ISI boosted their price objective on shares of CBRE Group from $143.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their target price 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. Finally, Morgan Stanley restated an “overweight” rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Three equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.78.

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.