Savant Capital LLC Sells 590 Shares of CBRE Group, Inc. (NYSE:CBRE)

Savant Capital LLC cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,166 shares of the financial services provider’s stock after selling 590 shares during the period. Savant Capital LLC’s holdings in CBRE Group were worth $295,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its holdings in CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the last quarter. Headinvest LLC bought a new stake in shares of CBRE Group in the third quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at about $45,000. Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at about $48,000. Finally, Planned Solutions Inc. bought a new position in CBRE Group during the fourth quarter worth about $52,000. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CBRE shares. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Raymond James increased their price target on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods increased 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. Finally, Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $99.50.

CBRE Group Trading Down 0.3 %

Shares of CBRE opened at $86.32 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.15. CBRE Group, Inc. has a 52-week low of $64.63 and a 52-week high of $98.65. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 26.89 and a beta of 1.44. The business’s fifty day moving average is $91.63 and its 200-day moving average is $86.14.

CBRE Group (NYSE:CBRE) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. Equities analysts anticipate that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction dated 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 is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock valued at $3,675,752 in the last quarter. Insiders own 0.54% of the company’s stock.

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.