CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 375,732 shares of the financial services provider’s stock after selling 9,625 shares during the quarter. Ameriprise Financial Inc.’s holdings in CBRE Group were worth $49,330,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. American Trust Investment Advisors LLC raised its stake in CBRE Group by 1.7% in the 4th quarter. American Trust Investment Advisors LLC now owns 32,712 shares of the financial services provider’s stock valued at $4,295,000 after purchasing an additional 532 shares during the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at approximately $213,000. DoubleLine ETF Adviser LP lifted its stake in shares of CBRE Group by 0.9% during the fourth quarter. DoubleLine ETF Adviser LP now owns 21,903 shares of the financial services provider’s stock valued at $2,876,000 after buying an additional 202 shares during the period. Rehmann Capital Advisory Group boosted its position in CBRE Group by 4.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 5,911 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 264 shares during the last quarter. Finally, Comerica Bank grew its stake in CBRE Group by 11.1% in the 4th quarter. Comerica Bank now owns 93,645 shares of the financial services provider’s stock worth $12,295,000 after acquiring an additional 9,372 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the transaction, the insider now directly owns 27,945 shares of the company’s stock, valued at $3,522,467.25. This represents a 1.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,424 shares of company stock worth $431,064 in the last 90 days. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $126.67 on Friday. The firm’s fifty day simple moving average is $124.49 and its 200 day simple moving average is $132.09. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 40.34 and a beta of 1.30.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data 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. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The company had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley dropped their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. UBS Group decreased their target price on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target 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, StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.22.

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.