First Citizens Bank & Trust Co. Sells 4,241 Shares of CBRE Group, Inc. (NYSE:CBRE)

First Citizens Bank & Trust Co. reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.9% in the 3rd quarter, Holdings Channel reports. The firm owned 38,528 shares of the financial services provider’s stock after selling 4,241 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in CBRE Group were worth $4,796,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CBRE. Fidelis Capital Partners LLC grew its position in shares of CBRE Group by 2.5% during the 2nd quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock worth $349,000 after buying an additional 96 shares during the period. Studio Investment Management LLC lifted its holdings in shares of CBRE Group by 2.5% in the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 135 shares in the last quarter. Mather Group LLC. boosted its position in shares of CBRE Group by 8.7% during the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock valued at $167,000 after buying an additional 138 shares during the last quarter. Rathbones Group PLC boosted its position in shares of CBRE Group by 3.0% during the second quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after buying an additional 140 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in CBRE Group by 18.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock valued at $84,000 after buying an additional 144 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CBRE shares. UBS Group cut their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Evercore ISI increased their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley began coverage on CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.83.

Insider Transactions at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the transaction, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now owns 69,226 shares in the company, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is currently owned by corporate insiders.

CBRE Group Price Performance

CBRE opened at $125.68 on Friday. The firm has a 50-day moving average price of $118.16 and a 200-day moving average price of $101.15. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $125.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $38.56 billion, a price-to-earnings ratio of 39.15 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. Equities analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current year.

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.