Sterling Capital Management LLC Trims Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Sterling Capital Management LLC lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 186,799 shares of the financial services provider's stock after selling 74,226 shares during the period. Sterling Capital Management LLC owned about 0.06% of CBRE Group worth $24,525,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the 4th quarter worth about $25,000. Denver PWM LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC lifted its position in shares of CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 281 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after acquiring an additional 238 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of CBRE Group during the fourth quarter worth approximately $58,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBRE. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. UBS Group lowered their price target 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. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $151.33.

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Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction 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 sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

CBRE Group Trading Down 0.4 %

Shares of CBRE Group stock traded down $0.47 during trading hours on Tuesday, hitting $118.54. The company's stock had a trading volume of 1,621,029 shares, compared to its average volume of 1,808,460. The stock has a market cap of $35.54 billion, a price-to-earnings ratio of 37.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm has a fifty day moving average of $132.02 and a 200-day moving average of $132.29.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.