CBRE Group, Inc. (NYSE:CBRE) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,669 shares of the financial services provider's stock after selling 5,126 shares during the period. HighTower Advisors LLC's holdings in CBRE Group were worth $2,792,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Canton Hathaway LLC purchased a new position in shares of CBRE Group during the third quarter valued at about $27,000. American National Bank & Trust purchased a new stake in CBRE Group in the 3rd quarter worth about $28,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after buying an additional 215 shares during the period. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC grew its position in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on CBRE shares. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Evercore ISI increased their price objective on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $129.63.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.54% of the company's stock.

CBRE Group Trading Down 1.8 %

NYSE CBRE traded down $2.53 on Friday, reaching $137.16. The stock had a trading volume of 2,045,015 shares, compared to its average volume of 1,690,342. CBRE Group, Inc. has a 12-month low of $82.75 and a 12-month high of $142.00. The stock has a fifty day moving average price of $131.36 and a two-hundred day moving average price of $113.29. The firm has a market capitalization of $41.97 billion, a price-to-earnings ratio of 44.91 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

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

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.