S.E.E.D. Planning Group LLC Trims Position in CBRE Group, Inc. (NYSE:CBRE)

S.E.E.D. Planning Group LLC decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,260 shares of the financial services provider's stock after selling 7,834 shares during the period. CBRE Group comprises approximately 3.4% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 9th biggest holding. S.E.E.D. Planning Group LLC's holdings in CBRE Group were worth $10,275,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock valued at $218,000 after acquiring an additional 79 shares during the period. Stephens Inc. AR increased its stake in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock worth $329,000 after purchasing an additional 80 shares during the period. Fidelis Capital Partners LLC increased its stake in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock worth $492,000 after purchasing an additional 82 shares during the period. Private Advisor Group LLC lifted its holdings in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock worth $957,000 after purchasing an additional 90 shares during the last quarter. Finally, Community Bank & Trust Waco Texas boosted its stake in CBRE Group by 0.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider's stock valued at $1,902,000 after purchasing an additional 93 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE CBRE traded up $6.64 on Wednesday, hitting $131.55. 2,118,175 shares of the company's stock were exchanged, compared to its average volume of 1,729,031. The stock has a 50-day moving average of $133.32 and a 200-day moving average of $120.55. The stock has a market cap of $40.26 billion, a price-to-earnings ratio of 42.30 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $82.75 and a 52 week high of $142.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. Analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CBRE shares. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday. Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $145.44.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

About CBRE Group

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.