Elevatus Welath Management Sells 17,281 Shares of CBRE Group, Inc. (NYSE:CBRE)

Elevatus Welath Management lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 49.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,983 shares of the financial services provider’s stock after selling 17,281 shares during the period. CBRE Group accounts for approximately 0.8% of Elevatus Welath Management’s portfolio, making the stock its 23rd largest position. Elevatus Welath Management’s holdings in CBRE Group were worth $2,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of CBRE Group by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after acquiring an additional 277,922 shares during the period. World Investment Advisors LLC bought a new position in shares of CBRE Group during the 3rd quarter worth about $285,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of CBRE Group in the 3rd quarter valued at about $2,330,000. Tidal Investments LLC increased its position in CBRE Group by 97.4% in the 3rd quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock valued at $1,281,000 after buying an additional 5,077 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in CBRE Group by 2.9% during the 3rd quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock worth $1,437,000 after buying an additional 330 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.2 %

NYSE CBRE opened at $117.45 on Friday. The business’s fifty day moving average is $129.97 and its 200-day moving average is $132.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The stock has a market capitalization of $35.22 billion, a price-to-earnings ratio of 37.41 and a beta of 1.26. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity

In related news, 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 owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CBRE. JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. UBS Group lowered their price objective on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods dropped their price target on shares of CBRE Group from $145.00 to $129.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.56.

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.