Johnson Financial Group Inc. Has $2.17 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Johnson Financial Group Inc. lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,969 shares of the financial services provider's stock after selling 3,597 shares during the quarter. Johnson Financial Group Inc.'s holdings in CBRE Group were worth $2,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Meridian Wealth Management LLC lifted its position in shares of CBRE Group by 1.4% in the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after buying an additional 71 shares during the last quarter. Gilbert & Cook Inc. increased its stake in shares of CBRE Group by 1.4% in the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after purchasing 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 during the period. IFP Advisors Inc increased its stake in shares of CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after purchasing an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC increased its stake in shares of CBRE Group by 2.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock worth $584,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 Price Performance

Shares of CBRE traded up $0.66 on Monday, hitting $121.39. The company's stock had a trading volume of 1,337,334 shares, compared to its average volume of 1,826,927. The company has a market capitalization of $36.40 billion, a PE ratio of 38.66 and a beta of 1.26. 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 company has a 50 day moving average price of $127.20 and a 200 day moving average price of $132.09.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CBRE. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price objective on CBRE Group from $145.00 to $129.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Evercore ISI dropped their price objective 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. JPMorgan Chase & Co. lowered their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, CBRE Group has an average rating of "Moderate Buy" and an average price target of $149.00.

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.