DF Dent & Co. Inc. Sells 305,554 Shares of CBRE Group, Inc. (NYSE:CBRE)

DF Dent & Co. Inc. reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,158,952 shares of the financial services provider's stock after selling 305,554 shares during the quarter. CBRE Group accounts for about 1.9% of DF Dent & Co. Inc.'s investment portfolio, making the stock its 20th largest holding. DF Dent & Co. Inc. owned about 0.38% of CBRE Group worth $152,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CBRE. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $25,000. Denver PWM LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth $29,000. Larson Financial Group LLC raised its stake in CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock worth $43,000 after acquiring an additional 281 shares during the period. Catalyst Capital Advisors LLC boosted its stake in CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of CBRE Group during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Up 0.3 %

CBRE traded up $0.32 during trading on Tuesday, reaching $117.47. 684,392 shares of the stock traded hands, compared to its average volume of 1,774,514. The stock's 50-day simple moving average is $135.76 and its two-hundred day simple moving average is $132.62. 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 fifty-two week low of $84.24 and a fifty-two week high of $147.75. The stock has a market cap of $35.25 billion, a price-to-earnings ratio of 37.29 and a beta of 1.26.

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CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly 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%. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley boosted their price target on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CBRE Group has an average rating of "Moderate Buy" and an average price target of $149.89.

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.