Banco Bilbao Vizcaya Argentaria S.A. Cuts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,280 shares of the financial services provider's stock after selling 2,964 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CBRE Group were worth $3,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in CBRE Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock valued at $1,035,229,000 after buying an additional 245,821 shares during the period. Principal Financial Group Inc. grew its position in shares of CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after acquiring an additional 177,119 shares during the period. Cantillon Capital Management LLC increased its stake in shares of CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock worth $623,416,000 after purchasing an additional 25,142 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of CBRE Group by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after purchasing an additional 605,403 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after purchasing an additional 3,011,566 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction 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 transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, 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. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Down 1.6 %

CBRE opened at $120.88 on Friday. The firm has a market capitalization of $36.25 billion, a P/E ratio of 38.50 and a beta of 1.26. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The company has a fifty day moving average price of $127.65 and a 200-day moving average price of $132.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping 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 business had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. Equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBRE. Morgan Stanley lowered their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. cut their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three equities 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 company. According to data from MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $149.00.

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.

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