Barclays PLC Sells 131,354 Shares of CBRE Group, Inc. (NYSE:CBRE)

Barclays PLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 719,035 shares of the financial services provider's stock after selling 131,354 shares during the quarter. Barclays PLC owned 0.23% of CBRE Group worth $94,404,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in CBRE Group during the fourth quarter worth about $25,000. Denver PWM LLC purchased a new position in shares of CBRE Group during the fourth quarter worth about $29,000. Larson Financial Group LLC increased its holdings in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 281 shares during the period. Catalyst Capital Advisors LLC boosted its stake in shares of CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after buying an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of CBRE Group in the fourth quarter valued at approximately $58,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CBRE shares. Evercore ISI cut their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. UBS Group cut their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $149.56.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business's 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 directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the business's 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 transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $3.19 during trading hours on Monday, hitting $114.43. 179,967 shares of the stock were exchanged, compared to its average volume of 1,963,984. The firm has a market capitalization of $34.31 billion, a P/E ratio of 36.44 and a beta of 1.26. The company's 50 day moving average is $129.97 and its 200 day moving average is $132.11. 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, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts expect 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.