Simplicity Solutions LLC Has $402,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Simplicity Solutions LLC cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,315 shares of the financial services provider’s stock after selling 432 shares during the quarter. Simplicity Solutions LLC’s holdings in CBRE Group were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CBRE. HighTower Advisors LLC raised its position in CBRE Group by 6.1% during the first quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock valued at $1,344,000 after acquiring an additional 845 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of CBRE Group by 7.5% in the 1st quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock valued at $839,000 after purchasing an additional 634 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in CBRE Group by 7,628.6% in the first quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,602 shares in the last quarter. Covestor Ltd increased its position in CBRE Group by 78.5% during the first quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock worth $99,000 after buying an additional 477 shares during the last quarter. Finally, Ergoteles LLC bought a new position in CBRE Group during the first quarter valued at about $259,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was 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 owns 72,350 shares in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 over the last 90 days. Insiders own 0.53% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE stock opened at $84.90 on Friday. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $92.40 and its 200-day moving average is $84.79. The firm has a market capitalization of $26.06 billion, a price-to-earnings ratio of 26.78 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. Sell-side analysts forecast that CBRE Group, Inc. will post 4.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Jefferies Financial Group started coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Finally, Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Hold” and an average price target of $99.50.

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.