CBRE Group, Inc. (NYSE:CBRE) Stake Trimmed by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,538 shares of the financial services provider’s stock after selling 3,188 shares during the quarter. Fifth Third Bancorp’s holdings in CBRE Group were worth $7,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in CBRE Group in the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $28,000. Denver PWM LLC bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $29,000. Colonial Trust Co SC increased its position in shares of CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group decreased their target price on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, Morgan Stanley raised their target price on CBRE Group from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.33.

CBRE Group Trading Down 2.0%

NYSE CBRE opened at $132.87 on Friday. The business’s 50-day moving average price is $124.20 and its two-hundred day moving average price is $131.14. CBRE Group, Inc. has a 12 month low of $85.74 and a 12 month high of $147.75. The firm has a market capitalization of $39.61 billion, a PE ratio of 42.32 and a beta of 1.29. 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 (NYSE:CBRE) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $8.73 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction 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 approximately $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $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 4,599 shares of company stock valued at $584,980 over the last ninety days. 0.42% of the stock is currently owned by insiders.

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.