D.A. Davidson & CO. Decreases Holdings in CBRE Group, Inc. (NYSE:CBRE)

D.A. Davidson & CO. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,351 shares of the financial services provider’s stock after selling 417 shares during the period. D.A. Davidson & CO.’s holdings in CBRE Group were worth $2,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRE. Lindbrook Capital LLC increased its stake in CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 79 shares during the period. Stephens Inc. AR increased its stake in shares of CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC raised its holdings in CBRE Group by 2.1% during the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after buying an additional 82 shares during the last quarter. Private Advisor Group LLC boosted its position in CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas grew its holdings in CBRE Group by 0.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 4.40 % 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 Trading Down 0.5 %

NYSE CBRE opened at $139.99 on Friday. The stock’s 50 day moving average is $128.80 and its 200 day moving average is $110.31. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $42.84 billion, a PE ratio of 45.01 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $78.18 and a twelve month high of $142.00.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm earned $0.72 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Research analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBRE. Evercore ISI increased their target price on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.00.

About CBRE Group

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.