CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,103,209 shares of the financial services provider's stock after selling 75,685 shares during the quarter. CBRE Group makes up 2.2% of Evercore Wealth Management LLC's investment portfolio, making the stock its 16th biggest holding. Evercore Wealth Management LLC owned about 0.36% of CBRE Group worth $144,840,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Fuller & Thaler Asset Management Inc. lifted its position in CBRE Group by 64.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 11,700 shares of the financial services provider's stock valued at $1,536,000 after acquiring an additional 4,590 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of CBRE Group by 85.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock valued at $281,984,000 after purchasing an additional 991,354 shares during the last quarter. Nippon Life Global Investors Americas Inc. boosted its position in shares of CBRE Group by 269.4% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 251,270 shares of the financial services provider's stock valued at $32,989,000 after purchasing an additional 183,250 shares during the period. IHT Wealth Management LLC purchased a new position in CBRE Group during the 4th quarter worth approximately $201,000. Finally, OneDigital Investment Advisors LLC increased its position in CBRE Group by 202.4% during the fourth quarter. OneDigital Investment Advisors LLC now owns 10,648 shares of the financial services provider's stock worth $1,398,000 after buying an additional 7,127 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 28,735 shares of the company's stock, 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 currently owned by company insiders.

CBRE Group Stock Up 2.3 %

CBRE Group stock opened at $118.21 on Wednesday. The stock's 50 day moving average price is $128.96 and its 200 day moving average price is $131.98. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a market cap of $35.45 billion, a PE ratio of 37.65 and a beta of 1.26. 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 issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CBRE. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and upped their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. UBS Group lowered their price target on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $149.56.

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.

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