CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.3% in the 1st quarter, HoldingsChannel reports. The firm owned 4,734 shares of the financial services provider’s stock after selling 1,207 shares during the period. Ifrah Financial Services Inc.’s holdings in CBRE Group were worth $619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in CBRE Group during the 4th quarter worth $25,000. Investment Management Corp VA ADV acquired a new position in CBRE Group during the 4th quarter worth $28,000. Golden State Wealth Management LLC grew its stake in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 213 shares in the last quarter. Colonial Trust Co SC grew its stake in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after buying an additional 266 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Down 0.0%

CBRE Group stock opened at $142.45 on Friday. CBRE Group, Inc. has a fifty-two week low of $87.25 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $42.47 billion, a P/E ratio of 43.56 and a beta of 1.30. The stock has a 50-day simple moving average of $130.00 and a 200-day simple moving average of $131.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 EPS. Equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. JPMorgan Chase & Co. decreased their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, UBS Group lifted their price target on CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.11.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider directly owned 27,945 shares of the company’s stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the sale, the chief financial officer directly owned 105,371 shares of the company’s stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,031 shares of company stock valued at $814,080 in the last ninety days. Insiders own 0.42% 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.