Friedenthal Financial Sells 6,207 Shares of CBRE Group, Inc. (NYSE:CBRE)

Friedenthal Financial reduced its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 94.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389 shares of the financial services provider's stock after selling 6,207 shares during the quarter. Friedenthal Financial's holdings in CBRE Group were worth $51,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CBRE. Canton Hathaway LLC purchased a new stake in CBRE Group in the third quarter worth about $27,000. American National Bank & Trust bought a new stake in shares of CBRE Group during the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new position in CBRE Group in the third quarter worth $32,000. Wolff Wiese Magana LLC lifted its position in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after buying an additional 283 shares during the period. Finally, Asset Dedication LLC purchased a new stake in shares of CBRE Group in the 3rd quarter worth about $40,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

CBRE traded up $1.90 during midday trading on Tuesday, hitting $125.46. 689,596 shares of the company traded hands, compared to its average volume of 1,569,685. The company's 50-day moving average is $133.51 and its 200 day moving average is $120.30. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $38.39 billion, a PE ratio of 40.34 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.

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

Analyst Ratings Changes

CBRE has been the topic of several research reports. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Citigroup lifted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. 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 target price on the stock. Finally, Evercore ISI lowered their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $139.33.

Insider Transactions at CBRE Group

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

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.