CBRE Group, Inc. (NYSE:CBRE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 83.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 58,746 shares of the financial services provider’s stock after selling 292,189 shares during the quarter. SG Americas Securities LLC’s holdings in CBRE Group were worth $7,713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canton Hathaway LLC acquired a new position in CBRE Group in the 3rd quarter valued at $27,000. American National Bank & Trust purchased a new stake in shares of CBRE Group during the third quarter worth $28,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in CBRE Group during the third quarter worth about $32,000. Finally, Wolff Wiese Magana LLC grew its stake in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 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 have weighed in on CBRE. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $145.44.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

CBRE Group Trading Up 1.1 %

Shares of CBRE stock opened at $141.00 on Friday. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The firm has a market cap of $43.15 billion, a PE ratio of 45.34 and a beta of 1.39. The company has a 50-day moving average of $133.68 and a two-hundred day moving average of $122.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current 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.