Yousif Capital Management LLC Has $4.13 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Yousif Capital Management LLC trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,357 shares of the financial services provider’s stock after selling 3,053 shares during the quarter. Yousif Capital Management LLC’s holdings in CBRE Group were worth $4,129,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in CBRE Group during the fourth quarter worth $45,000. Cary Street Partners Investment Advisory LLC grew its position in shares of CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 326 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $48,000. Planned Solutions Inc. acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $52,000. Finally, Headinvest LLC acquired a new stake in shares of CBRE Group in the third quarter valued at about $44,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBRE has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Raymond James raised their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Evercore ISI raised their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

CBRE Group Stock Up 0.3 %

NYSE CBRE opened at $87.28 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50-day simple moving average of $92.13 and a 200 day simple moving average of $85.30. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The stock has a market cap of $26.79 billion, a PE ratio of 27.53 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. On average, research analysts forecast that CBRE Group, Inc. will post 4.45 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, 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 owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock worth $3,675,752 over the last quarter. 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.