Trillium Asset Management LLC Lowers Stake in CBRE Group, Inc. (NYSE:CBRE)

Trillium Asset Management LLC cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 5.6% during the fourth quarter, HoldingsChannel reports. The fund owned 2,054 shares of the financial services provider’s stock after selling 121 shares during the quarter. Trillium Asset Management LLC’s holdings in CBRE Group were worth $270,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CBRE. Intech Investment Management LLC grew its stake in CBRE Group by 201.7% in the fourth quarter. Intech Investment Management LLC now owns 28,169 shares of the financial services provider’s stock valued at $3,698,000 after purchasing an additional 18,831 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of CBRE Group in the 4th quarter worth approximately $6,029,000. Evoke Wealth LLC raised its stake in shares of CBRE Group by 2.8% during the 4th quarter. Evoke Wealth LLC now owns 4,404 shares of the financial services provider’s stock worth $578,000 after acquiring an additional 118 shares in the last quarter. TCTC Holdings LLC purchased a new stake in CBRE Group during the fourth quarter valued at approximately $7,585,000. Finally, Signaturefd LLC boosted its stake in CBRE Group by 2.0% in the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 99 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBRE. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, Evercore ISI dropped their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $128.73 on Thursday. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $38.62 billion, a PE ratio of 41.00 and a beta of 1.42. The company’s 50 day moving average is $137.21 and its 200 day moving average is $131.44.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % 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 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.