Dimensional Fund Advisors LP Sells 20,847 Shares of CBRE Group, Inc. (NYSE:CBRE)

Dimensional Fund Advisors LP trimmed its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,282,001 shares of the financial services provider's stock after selling 20,847 shares during the quarter. Dimensional Fund Advisors LP owned about 1.07% of CBRE Group worth $430,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC boosted its position in shares of CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after buying an additional 71 shares during the last quarter. Gilbert & Cook Inc. grew its stake in shares of CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after acquiring an additional 75 shares during the period. Signaturefd LLC increased its stake in shares of CBRE Group by 2.0% in the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc grew its stake in CBRE Group by 9.1% in the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after buying an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 104 shares during the period. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. UBS Group dropped their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock 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 lifted their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley dropped their price target on CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $149.00.

CBRE Group Stock Performance

CBRE stock traded up $0.79 on Thursday, hitting $122.84. The company had a trading volume of 3,168,900 shares, compared to its average volume of 2,029,281. The stock has a market cap of $36.83 billion, a price-to-earnings ratio of 39.12 and a beta of 1.26. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock's 50-day simple moving average is $128.52 and its 200 day simple moving average is $131.91. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. 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 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares of the company's stock, 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. 0.42% of the stock is currently owned by corporate insiders.

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.