Segall Bryant & Hamill LLC Lowers Stake in CBRE Group, Inc. (NYSE:CBRE)

Segall Bryant & Hamill LLC trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 87,542 shares of the financial services provider’s stock after selling 4,587 shares during the period. Segall Bryant & Hamill LLC’s holdings in CBRE Group were worth $11,493,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Algert Global LLC acquired a new stake in CBRE Group during the 3rd quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of CBRE Group during the fourth quarter worth $1,518,000. Merit Financial Group LLC purchased a new position in CBRE Group in the 4th quarter valued at $256,000. Fulton Bank N.A. increased its stake in CBRE Group by 342.0% in the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 19,227 shares during the period. Finally, Prestige Wealth Management Group LLC raised its position in CBRE Group by 17,304.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after buying an additional 3,807 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Morgan Stanley boosted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Price Performance

CBRE Group stock opened at $133.88 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $137.73 and its 200 day simple moving average is $132.05. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The firm has a market capitalization of $40.17 billion, a PE ratio of 42.64 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

CBRE Group Company 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.