Aviva PLC Sells 18,770 Shares of CBRE Group, Inc. (NYSE:CBRE)

Aviva PLC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,554 shares of the financial services provider's stock after selling 18,770 shares during the quarter. Aviva PLC owned approximately 0.13% of CBRE Group worth $53,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC grew its stake in CBRE Group by 1.4% in the fourth 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. lifted its position 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 valued at $715,000 after buying an additional 75 shares during the period. Signaturefd LLC grew its position in shares of CBRE Group by 2.0% in the 4th quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after buying an additional 99 shares during the period. IFP Advisors Inc grew 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 worth $158,000 after purchasing an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC raised its stake in CBRE Group by 2.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

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Analyst Ratings Changes

CBRE has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Morgan Stanley upped their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Evercore ISI decreased 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. JPMorgan Chase & Co. dropped their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $151.33.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $1.75 during trading hours on Friday, reaching $114.91. 1,084,455 shares of the stock traded hands, compared to its average volume of 1,801,810. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The firm has a market capitalization of $34.46 billion, a price-to-earnings ratio of 36.54 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average price of $133.15 and a 200 day moving average price of $132.30.

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

Insider Transactions at CBRE Group

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