CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,903 shares of the financial services provider’s stock after selling 72 shares during the quarter. Heartland Bank & Trust Co’s holdings in CBRE Group were worth $250,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Canton Hathaway LLC acquired a new stake in CBRE Group during the third quarter worth about $27,000. American National Bank & Trust bought a new position in shares of CBRE Group during the third quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. raised its position in shares of CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its position in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CBRE shares. Raymond James lowered CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a research report on Friday. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Price Performance

NYSE CBRE opened at $141.23 on Monday. CBRE Group, Inc. has a 12 month low of $82.75 and a 12 month high of $142.00. The firm has a market capitalization of $43.22 billion, a PE ratio of 45.41 and a beta of 1.39. The company’s 50 day simple moving average is $134.08 and its 200 day simple moving average is $123.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

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.