CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 38.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,206 shares of the financial services provider's stock after selling 2,663 shares during the quarter. Vontobel Holding Ltd.'s holdings in CBRE Group were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Algert Global LLC bought a new stake in CBRE Group in the 3rd quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in CBRE Group during the 4th quarter valued at $1,518,000. Merit Financial Group LLC purchased a new position in CBRE Group during the 4th quarter valued at $256,000. Fulton Bank N.A. lifted its holdings in shares of CBRE Group by 342.0% in the 4th 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 period. Finally, Prestige Wealth Management Group LLC lifted its holdings in shares of CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock worth $477,000 after buying an additional 3,807 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Down 4.2 %

NYSE:CBRE traded down $5.95 during mid-day trading on Friday, hitting $135.72. 1,481,086 shares of the company's stock traded hands, compared to its average volume of 1,785,516. The company has a fifty day moving average of $136.50 and a 200 day moving average of $128.66. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a market capitalization of $40.72 billion, a P/E ratio of 43.22 and a beta of 1.39. 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 (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CBRE. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Citigroup boosted their price target on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 price target for the company. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

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.