Neuberger Berman Group LLC Decreases Position in CBRE Group, Inc. (NYSE:CBRE)

Neuberger Berman Group LLC reduced its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,878 shares of the financial services provider's stock after selling 13,029 shares during the quarter. Neuberger Berman Group LLC's holdings in CBRE Group were worth $3,135,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in CBRE Group during the 4th quarter valued at approximately $1,518,000. Merit Financial Group LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth $256,000. Fulton Bank N.A. raised its stake in CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock worth $3,262,000 after buying an additional 19,227 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in CBRE Group during the fourth quarter worth $175,978,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in CBRE Group by 12.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock valued at $391,752,000 after buying an additional 338,298 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Down 0.4 %

Shares of NYSE:CBRE traded down $0.47 during midday trading on Tuesday, hitting $118.54. 1,621,030 shares of the company's stock were exchanged, compared to its average volume of 1,808,210. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a market cap of $35.54 billion, a PE ratio of 37.75 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. The stock has a 50 day moving average price of $132.02 and a 200-day moving average price of $132.29.

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CBRE Group (NYSE:CBRE - Get Free Report) last issued 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, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Evercore ISI dropped their price target 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. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $151.33.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 $3,629,517.85. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. 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.