Xponance Inc. Cuts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Xponance Inc. lessened its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,229 shares of the financial services provider's stock after selling 14,894 shares during the quarter. Xponance Inc.'s holdings in CBRE Group were worth $9,746,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC increased its holdings in shares of CBRE Group by 201.7% in the fourth quarter. Intech Investment Management LLC now owns 28,169 shares of the financial services provider's stock worth $3,698,000 after purchasing an additional 18,831 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of CBRE Group during the fourth quarter worth about $6,029,000. Evoke Wealth LLC boosted its holdings in shares of CBRE Group by 2.8% during the fourth quarter. Evoke Wealth LLC now owns 4,404 shares of the financial services provider's stock worth $578,000 after purchasing an additional 118 shares during the period. TCTC Holdings LLC bought a new position in CBRE Group in the fourth quarter worth about $7,585,000. Finally, Signaturefd LLC raised its stake 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 in the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Down 0.3 %

CBRE stock traded down $0.38 during mid-day trading on Friday, reaching $129.76. The company had a trading volume of 3,452,450 shares, compared to its average volume of 1,671,213. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a market capitalization of $38.93 billion, a price-to-earnings ratio of 41.32 and a beta of 1.42. The stock has a 50 day simple moving average of $137.34 and a two-hundred day simple moving average of $131.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

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CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBRE. Raymond James cut shares of 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 report on Friday, January 24th. StockNews.com upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Citigroup increased their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a "buy" rating and a $176.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated 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 of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

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.