CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 11.2% in the 4th quarter, HoldingsChannel reports. The firm owned 16,367 shares of the financial services provider’s stock after selling 2,059 shares during the period. Community Bank & Trust Waco Texas’ holdings in CBRE Group were worth $1,524,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CBRE. SG Americas Securities LLC increased its stake in shares of CBRE Group by 795.4% during the 4th quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock valued at $13,107,000 after acquiring an additional 125,071 shares during the last quarter. DNB Asset Management AS increased its stake in shares of CBRE Group by 37.9% during the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock valued at $11,975,000 after acquiring an additional 35,386 shares during the last quarter. Advisor Resource Council acquired a new position in shares of CBRE Group during the 4th quarter valued at about $1,083,000. Sei Investments Co. increased its stake in shares of CBRE Group by 14.1% during the 3rd quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock valued at $79,308,000 after acquiring an additional 132,748 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of CBRE Group by 2.8% during the 4th quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock valued at $2,014,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 1.0 %

NYSE CBRE traded down $0.83 on Wednesday, reaching $86.28. The company had a trading volume of 230,417 shares, compared to its average volume of 1,639,574. The firm has a market capitalization of $26.48 billion, a PE ratio of 27.48 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The firm has a 50-day moving average of $92.40 and a 200-day moving average of $85.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. On average, equities research analysts anticipate that CBRE Group, Inc. will post 4.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CBRE shares. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Evercore ISI boosted their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Raymond James boosted their target price on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Insider Activity

In other news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. In the last three months, insiders sold 39,592 shares of company stock worth $3,675,752. 0.54% of the stock is currently owned by insiders.

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.