Avior Wealth Management LLC Sells 1,800 Shares of CBRE Group, Inc. (NYSE:CBRE)

Avior Wealth Management LLC lessened its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,100 shares of the financial services provider’s stock after selling 1,800 shares during the period. Avior Wealth Management LLC’s holdings in CBRE Group were worth $754,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Belpointe Asset Management LLC grew its holdings in CBRE Group by 57.4% in the first quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 182 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares during the last quarter. Headinvest LLC acquired a new position in shares of CBRE Group during the third quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at about $45,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at about $48,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of analyst reports. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Jefferies Financial Group initiated coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Finally, Evercore ISI lifted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $99.50.

CBRE Group Stock Down 0.4 %

CBRE Group stock opened at $85.13 on Thursday. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The stock has a market cap of $26.13 billion, a PE ratio of 26.85 and a beta of 1.42. The firm’s 50-day simple moving average is $92.45 and its 200 day simple moving average is $84.70. 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 released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Research analysts predict that CBRE Group, Inc. will post 4.44 EPS for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $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 worth $3,675,752. 0.53% of the stock is owned by insiders.

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.