Sendero Wealth Management LLC Trims Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sendero Wealth Management LLC lessened its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,458 shares of the financial services provider's stock after selling 22,358 shares during the quarter. CBRE Group makes up approximately 1.1% of Sendero Wealth Management LLC's investment portfolio, making the stock its 23rd largest position. Sendero Wealth Management LLC's holdings in CBRE Group were worth $7,281,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in shares of CBRE Group in the third quarter valued at about $27,000. American National Bank & Trust acquired a new stake in CBRE Group during the 3rd quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. raised its holdings in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in CBRE Group during the 3rd quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of 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 purchasing an additional 283 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was 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 directly owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Stock Up 2.7 %

CBRE stock traded up $3.54 during trading on Thursday, reaching $134.84. The stock had a trading volume of 1,660,703 shares, compared to its average volume of 1,722,190. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $142.00. The company's 50 day moving average is $133.36 and its two-hundred day moving average is $120.63. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $41.26 billion, a price-to-earnings ratio of 43.36 and a beta of 1.39.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CBRE. Morgan Stanley raised shares of CBRE Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $115.00 to $160.00 in a research note on Wednesday. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price target on the stock. Finally, Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday. Three equities research 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 company. Based on data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus price target of $145.44.

About CBRE Group

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.