CBRE Group, Inc. (NYSE:CBRE) Stock Holdings Lowered by Clarius Group LLC

Clarius Group LLC lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,696 shares of the financial services provider’s stock after selling 138 shares during the period. Clarius Group LLC’s holdings in CBRE Group were worth $344,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Apollon Wealth Management LLC increased its stake in CBRE Group by 1.7% during the 1st quarter. Apollon Wealth Management LLC now owns 9,436 shares of the financial services provider’s stock valued at $687,000 after buying an additional 155 shares during the period. CIBC Asset Management Inc grew its stake in shares of CBRE Group by 0.3% in the 1st quarter. CIBC Asset Management Inc now owns 46,601 shares of the financial services provider’s stock worth $3,393,000 after purchasing an additional 159 shares during the last quarter. Schechter Investment Advisors LLC grew its stake in shares of CBRE Group by 6.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 168 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of CBRE Group by 3.7% in the 1st quarter. NewEdge Advisors LLC now owns 5,092 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 180 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of CBRE Group by 57.4% in the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of CBRE Group 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 completion of the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of CBRE Group 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 owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,592 shares of company stock worth $3,675,752. 0.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CBRE shares. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James lifted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Finally, Evercore ISI raised their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Hold” and an average price target of $99.50.

CBRE Group Stock Performance

Shares of CBRE opened at $89.39 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $27.33 billion, a price-to-earnings ratio of 28.20 and a beta of 1.42. The company has a 50-day moving average of $92.33 and a two-hundred day moving average of $84.52. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65.

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

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.