Cwm LLC Sells 337 Shares of CBRE Group, Inc. (NYSE:CBRE)

Cwm LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,002 shares of the financial services provider’s stock after selling 337 shares during the quarter. Cwm LLC’s holdings in CBRE Group were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its position in CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares during the period. Headinvest LLC bought a new stake in shares of CBRE Group in the third quarter worth $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CBRE Group in the fourth quarter valued at $45,000. Bruce G. Allen Investments LLC bought a new position in CBRE Group during the 4th quarter worth $48,000. Finally, Planned Solutions Inc. bought a new position in CBRE Group during the 4th quarter worth $52,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the subject of several recent research reports. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. StockNews.com upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Evercore ISI boosted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.50.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.54% of the stock is owned by company insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $87.33 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The company has a fifty day moving average of $92.13 and a 200-day moving average of $85.47. The firm has a market capitalization of $26.81 billion, a P/E ratio of 27.55 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 4.45 EPS 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.