Atlas Capital Advisors LLC Sells 399 Shares of CBRE Group, Inc. (NYSE:CBRE)

Atlas Capital Advisors LLC decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 15.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,227 shares of the financial services provider’s stock after selling 399 shares during the period. Atlas Capital Advisors LLC’s holdings in CBRE Group were worth $217,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CBRE. Hazelview Securities Inc. raised its stake in CBRE Group by 14.9% during the first quarter. Hazelview Securities Inc. now owns 55,730 shares of the financial services provider’s stock valued at $5,293,000 after buying an additional 7,230 shares during the last quarter. True North Advisors LLC boosted its stake in CBRE Group by 20.7% in the 1st quarter. True North Advisors LLC now owns 12,991 shares of the financial services provider’s stock worth $1,263,000 after purchasing an additional 2,224 shares in the last quarter. Ballentine Partners LLC grew its position in CBRE Group by 49.0% during the 1st quarter. Ballentine Partners LLC now owns 7,145 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 2,350 shares during the last quarter. MJP Associates Inc. ADV grew its position in CBRE Group by 35.7% during the 1st quarter. MJP Associates Inc. ADV now owns 8,135 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 2,142 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in CBRE Group by 0.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 25,663 shares of the financial services provider’s stock valued at $2,495,000 after purchasing an additional 210 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBRE. Jefferies Financial Group started coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. Evercore ISI boosted their price target on 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 downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $99.50.

CBRE Group Stock Performance

CBRE stock opened at $88.51 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The company has a market cap of $27.16 billion, a P/E ratio of 27.57 and a beta of 1.41. The stock’s fifty day moving average price is $87.80 and its 200-day moving average price is $89.42.

CBRE Group (NYSE:CBRE) last announced its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The business had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same period last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that CBRE Group, Inc. will post 4.5 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.