Sanibel Captiva Trust Company Inc. Has $28.54 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sanibel Captiva Trust Company Inc. lessened its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,413 shares of the financial services provider's stock after selling 4,468 shares during the quarter. CBRE Group accounts for 0.9% of Sanibel Captiva Trust Company Inc.'s investment portfolio, making the stock its 27th largest position. Sanibel Captiva Trust Company Inc. owned approximately 0.07% of CBRE Group worth $28,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth about $27,000. American National Bank & Trust acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group during the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC increased 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 worth $36,000 after buying an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group in the third quarter worth $40,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE traded up $2.27 during midday trading on Friday, hitting $137.02. 2,146,112 shares of the stock traded hands, compared to its average volume of 1,616,147. The business's 50 day moving average price is $133.43 and its two-hundred day moving average price is $121.32. CBRE Group, Inc. has a 1-year low of $82.75 and a 1-year high of $142.00. The firm has a market capitalization of $41.93 billion, a PE ratio of 44.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

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 business had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The company's revenue was up 14.8% on a year-over-year basis. Equities research analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CBRE. Morgan Stanley raised CBRE Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $115.00 to $160.00 in a research note on Wednesday. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. 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 report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $145.44.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at $9,214,026.36. The trade was a 2.52 % 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. 0.54% of the stock is owned by corporate insiders.

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.