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

Elevatus Welath Management reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 49.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,983 shares of the financial services provider’s stock after selling 17,281 shares during the quarter. CBRE Group comprises approximately 0.8% of Elevatus Welath Management’s portfolio, making the stock its 23rd biggest holding. Elevatus Welath Management’s holdings in CBRE Group were worth $2,361,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CBRE. Principal Financial Group Inc. lifted its holdings 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 worth $924,223,000 after acquiring an additional 277,922 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of CBRE Group during the 3rd quarter valued at about $285,000. Wilmington Savings Fund Society FSB bought a new stake in CBRE Group in the 3rd quarter worth approximately $2,330,000. Tidal Investments LLC boosted its stake in CBRE Group by 97.4% in the third quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock worth $1,281,000 after buying an additional 5,077 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in shares of CBRE Group by 2.9% during the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock worth $1,437,000 after acquiring an additional 330 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CBRE has been the topic of a number of analyst reports. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. UBS Group reduced their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Evercore ISI lowered their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.56.

CBRE Group Price Performance

CBRE opened at $117.45 on Friday. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a market cap of $35.22 billion, a price-to-earnings ratio of 37.41 and a beta of 1.26. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $129.97 and a two-hundred day simple moving average of $132.00.

CBRE Group (NYSE:CBRE) last posted 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 return on equity of 16.96% and a net margin of 2.71%. Research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at approximately $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. 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.