Bank Julius Baer & Co. Ltd Zurich Decreases Position in CBRE Group, Inc. (NYSE:CBRE)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,890 shares of the financial services provider’s stock after selling 33,101 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in CBRE Group were worth $17,863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC raised its position in shares of CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 326 shares in the last quarter. Headinvest LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $45,000. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $48,000. Finally, Planned Solutions Inc. bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded up $0.26 on Friday, hitting $87.28. The company’s stock had a trading volume of 1,083,064 shares, compared to its average volume of 1,642,306. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 27.55 and a beta of 1.42. The stock’s 50-day moving average is $92.25 and its two-hundred day moving average is $85.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the business posted $1.33 earnings per share. CBRE Group’s revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that CBRE Group, Inc. will post 4.45 EPS for the current year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,592 shares of company stock valued at $3,675,752. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James boosted their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Evercore ISI upped their price objective on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group began coverage on CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.50.

CBRE Group Company 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.