CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Delta Financial Advisors LLC

Delta Financial Advisors LLC decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,442 shares of the financial services provider’s stock after selling 3,835 shares during the period. Delta Financial Advisors LLC’s holdings in CBRE Group were worth $879,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. HighTower Advisors LLC lifted its stake in shares of CBRE Group by 6.1% in the 1st quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock valued at $1,344,000 after purchasing an additional 845 shares in the last quarter. Vontobel Holding Ltd. boosted its position in CBRE Group by 7.5% during the 1st quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock worth $839,000 after purchasing an additional 634 shares during the period. Brown Brothers Harriman & Co. raised its position in CBRE Group by 7,628.6% in the first quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,602 shares during the period. Covestor Ltd lifted its stake in shares of CBRE Group by 78.5% during the first quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 477 shares in the last quarter. Finally, Ergoteles LLC acquired a new position in shares of CBRE Group during the first quarter worth about $259,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE traded up $0.52 during midday trading on Thursday, reaching $85.66. 383,045 shares of the company traded hands, compared to its average volume of 1,630,627. The stock has a 50-day moving average price of $92.45 and a 200 day moving average price of $84.70. The company has a market cap of $26.29 billion, a price-to-earnings ratio of 26.90 and a beta of 1.42. 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, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $1.33 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group initiated coverage on CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Evercore ISI lifted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.50.

Insider Transactions at CBRE Group

In related news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold 39,592 shares of company stock valued at $3,675,752 in the last quarter. Insiders own 0.53% 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.