Wells Fargo & Company MN Decreases Stake in CBRE Group, Inc. (NYSE:CBRE)

Wells Fargo & Company MN lowered its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 818,502 shares of the financial services provider's stock after selling 24,239 shares during the period. Wells Fargo & Company MN owned about 0.27% of CBRE Group worth $107,461,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Meridian Wealth Management LLC increased its stake in shares of CBRE Group by 1.4% during the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock worth $682,000 after purchasing an additional 71 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after purchasing an additional 75 shares during the period. Signaturefd LLC increased its position in CBRE Group by 2.0% in the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock worth $666,000 after buying an additional 99 shares during the last quarter. IFP Advisors Inc raised its stake in shares of CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock valued at $158,000 after buying an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC lifted its position in shares of CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider's stock valued at $584,000 after buying an additional 104 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Remove Ads

CBRE Group Price Performance

Shares of CBRE stock traded down $0.76 on Friday, reaching $115.89. The company's stock had a trading volume of 2,605,133 shares, compared to its average volume of 1,809,089. The company has a market capitalization of $34.75 billion, a P/E ratio of 36.91 and a beta of 1.26. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The stock's 50 day simple moving average is $132.59 and its 200-day simple moving average is $132.32. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CBRE shares. UBS Group decreased their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. cut their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Morgan Stanley increased their target price on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Three investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $151.33.

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.