Delta Financial Advisors LLC Sells 3,835 Shares of CBRE Group, Inc. (NYSE:CBRE)

Delta Financial Advisors LLC cut its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 28.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,442 shares of the financial services provider’s stock after selling 3,835 shares during the quarter. Delta Financial Advisors LLC’s holdings in CBRE Group were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. Harris Associates L P boosted its holdings in CBRE Group by 4.0% during the third quarter. Harris Associates L P now owns 15,321,916 shares of the financial services provider’s stock worth $1,131,677,000 after purchasing an additional 586,661 shares during the last quarter. FMR LLC boosted its holdings in CBRE Group by 3.1% during the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after purchasing an additional 288,287 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CBRE Group by 2.1% during the first quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock worth $522,405,000 after purchasing an additional 148,971 shares during the last quarter. Invesco Ltd. boosted its holdings in CBRE Group by 0.4% during the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock worth $523,208,000 after purchasing an additional 28,316 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in CBRE Group by 15.1% during the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock worth $503,786,000 after purchasing an additional 894,521 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CBRE Group news, 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 value of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.53% of the stock is owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE traded up $0.52 during trading hours on Thursday, hitting $85.66. The company had a trading volume of 383,045 shares, compared to its average volume of 1,630,627. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $98.65. The firm has a market cap of $26.29 billion, a price-to-earnings ratio of 26.90 and a beta of 1.42. The business has a fifty day moving average of $92.45 and a 200-day moving average of $84.70. 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 (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period last year, the firm earned $1.33 earnings per share. CBRE Group’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts anticipate that CBRE Group, Inc. will post 4.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Raymond James increased their price target 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. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Finally, Evercore ISI increased their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $99.50.

CBRE Group Company 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.