HGI Capital Management LLC Sells 18,678 Shares of CBRE Group, Inc. (NYSE:CBRE)

HGI Capital Management LLC lowered its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,634 shares of the financial services provider's stock after selling 18,678 shares during the period. CBRE Group comprises 3.9% of HGI Capital Management LLC's portfolio, making the stock its 10th largest position. HGI Capital Management LLC's holdings in CBRE Group were worth $3,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. acquired a new position in CBRE Group during the 4th quarter worth $25,000. Denver PWM LLC acquired a new stake in CBRE Group in the fourth quarter worth about $29,000. Larson Financial Group LLC grew its position in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after buying an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after buying an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of CBRE Group during the 4th quarter worth about $58,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of research reports. StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Jefferies Financial Group raised 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. Finally, JPMorgan Chase & Co. cut their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and a consensus target price of $149.56.

CBRE Group Stock Up 4.2 %

CBRE stock traded up $5.02 during mid-day trading on Wednesday, hitting $123.21. The stock had a trading volume of 1,567,301 shares, compared to its average volume of 1,811,607. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a fifty day moving average of $128.96 and a 200 day moving average of $131.98. 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 has a market capitalization of $36.95 billion, a price-to-earnings ratio of 39.24 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, 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. 0.42% of the stock is owned by company insiders.

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.