Bank Julius Baer & Co. Ltd Zurich Sells 33,101 Shares of CBRE Group, Inc. (NYSE:CBRE)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,890 shares of the financial services provider’s stock after selling 33,101 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.06% of CBRE Group worth $17,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Schechter Investment Advisors LLC raised its position in CBRE Group by 6.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 168 shares during the period. Greenfield Savings Bank raised its position in CBRE Group by 4.2% in the 4th quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 184 shares during the period. Western Pacific Wealth Management LP raised its position in CBRE Group by 11.9% in the 3rd quarter. Western Pacific Wealth Management LP now owns 1,885 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 200 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in CBRE Group by 0.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,989 shares of the financial services provider’s stock worth $2,067,000 after purchasing an additional 217 shares during the period. Finally, D.A. Davidson & CO. raised its position in CBRE Group by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 22,802 shares of the financial services provider’s stock worth $1,684,000 after purchasing an additional 219 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on 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 owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction on 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 owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,592 shares of company stock valued at $3,675,752. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Up 0.3 %

CBRE traded up $0.26 during trading on Friday, hitting $87.28. The stock had a trading volume of 1,083,064 shares, compared to its average volume of 1,642,306. The stock has a 50 day simple moving average of $92.25 and a two-hundred day simple moving average of $85.20. The company has a market capitalization of $26.79 billion, a PE ratio of 27.55 and a beta of 1.42. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. On average, research analysts predict that CBRE Group, Inc. will post 4.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on CBRE. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. StockNews.com upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Evercore ISI upped their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Raymond James increased their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective on the stock. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $99.50.

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.