CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,987,580 shares of the financial services provider's stock after selling 670,723 shares during the quarter. Alliancebernstein L.P. owned 0.65% of CBRE Group worth $260,949,000 as of its most recent SEC filing.

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

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Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business'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 transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 target price for the company. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

CBRE Group Price Performance

Shares of CBRE Group stock traded down $6.02 during mid-day trading on Friday, reaching $117.82. 2,543,359 shares of the stock traded hands, compared to its average volume of 1,775,171. The stock has a market capitalization of $35.35 billion, a PE ratio of 37.52 and a beta of 1.26. The business has a 50-day moving average of $136.28 and a 200 day moving average of $132.57. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. 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 (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating 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, analysts predict that CBRE Group, Inc. will post 5.99 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.