Adams Diversified Equity Fund Inc. Reduces Stake in CBRE Group, Inc. (NYSE:CBRE)

Adams Diversified Equity Fund Inc. cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,200 shares of the financial services provider's stock after selling 6,500 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in CBRE Group were worth $12,893,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CBRE. Meridian Wealth Management LLC lifted its stake in CBRE Group by 1.4% during the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after acquiring an additional 71 shares during the period. Gilbert & Cook Inc. raised its holdings in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after purchasing an additional 75 shares during the last quarter. Signaturefd LLC raised its holdings in shares of CBRE Group by 2.0% during the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after purchasing an additional 99 shares during the last quarter. IFP Advisors Inc lifted its position in CBRE Group by 9.1% during the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after purchasing an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 104 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on CBRE. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. StockNews.com upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Evercore ISI lowered their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $0.01 during trading on Tuesday, hitting $133.88. The company had a trading volume of 1,362,405 shares, compared to its average volume of 1,669,295. The firm has a market capitalization of $40.17 billion, a price-to-earnings ratio of 42.64 and a beta of 1.42. The stock has a fifty day simple moving average of $137.55 and a two-hundred day simple moving average of $131.90. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share 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.