Marshall Wace LLP Sells 52,981 Shares of CBRE Group, Inc. (NYSE:CBRE)

Marshall Wace LLP lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 16.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 276,588 shares of the financial services provider’s stock after selling 52,981 shares during the period. Marshall Wace LLP’s holdings in CBRE Group were worth $36,313,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group in the 4th quarter worth approximately $25,000. Denver PWM LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at $29,000. Larson Financial Group LLC grew its position in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after buying an additional 281 shares during the period. Catalyst Capital Advisors LLC lifted its position in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 238 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in CBRE Group during the fourth quarter worth about $58,000. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, 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 note on Thursday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $149.56.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $117.45 on Friday. The business has a 50-day simple moving average of $129.97 and a two-hundred day simple moving average of $132.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm has a market cap of $35.22 billion, a price-to-earnings ratio of 37.41 and a beta of 1.26. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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, analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the sale, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.