Tower Research Capital LLC TRC Lowers Position in CBRE Group, Inc. (NYSE:CBRE)

Tower Research Capital LLC TRC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,231 shares of the financial services provider's stock after selling 3,892 shares during the quarter. Tower Research Capital LLC TRC's holdings in CBRE Group were worth $2,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in CBRE Group in the 4th quarter worth approximately $514,609,000. Artisan Partners Limited Partnership increased its stake in CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in CBRE Group during the fourth quarter valued at about $190,695,000. Manning & Napier Advisors LLC bought a new stake in CBRE Group during the fourth quarter worth about $175,978,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of CBRE Group by 11,750.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock worth $161,876,000 after purchasing an additional 1,222,558 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Up 2.3 %

Shares of NYSE:CBRE opened at $118.21 on Wednesday. The stock's 50-day moving average is $128.96 and its 200 day moving average is $131.98. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a market cap of $35.45 billion, a PE ratio of 37.65 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 (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the 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 sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business'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 completion of the transaction, the chief financial officer now owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods cut their price objective on shares of CBRE Group from $145.00 to $129.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. UBS Group lowered their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $149.56.

CBRE Group 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.

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