Trillium Asset Management LLC Lowers Stake in CBRE Group Inc (CBRE)

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Trillium Asset Management LLC cut its holdings in CBRE Group Inc (NYSE:CBRE) by 9.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,625 shares of the financial services provider’s stock after selling 587 shares during the quarter. Trillium Asset Management LLC’s holdings in CBRE Group were worth $278,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Lindbrook Capital LLC bought a new position in CBRE Group in the fourth quarter valued at about $27,000. CX Institutional bought a new position in CBRE Group in the first quarter valued at about $35,000. Van ECK Associates Corp bought a new position in CBRE Group in the fourth quarter valued at about $38,000. Barnett & Company Inc. bought a new position in CBRE Group in the first quarter valued at about $49,000. Finally, CWM LLC boosted its holdings in CBRE Group by 153.0% in the first quarter. CWM LLC now owns 1,336 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 808 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Several equities analysts recently issued reports on the company. JMP Securities reiterated a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Bank of America set a $54.00 price target on CBRE Group and gave the company a “hold” rating in a report on Friday, March 8th. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, February 19th. Finally, William Blair reiterated an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. CBRE Group presently has a consensus rating of “Buy” and an average target price of $56.33.

CBRE traded down $0.26 during midday trading on Friday, reaching $47.43. 31,387 shares of the company were exchanged, compared to its average volume of 1,357,482. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52. CBRE Group Inc has a one year low of $37.45 and a one year high of $52.41. The stock has a market cap of $16.06 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.20 and a beta of 1.71.

CBRE Group (NYSE:CBRE) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.20. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter last year, the business earned $0.54 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that CBRE Group Inc will post 3.61 EPS for the current year.

In other CBRE Group news, CFO James R. Groch sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $52.00, for a total transaction of $2,600,000.00. Following the transaction, the chief financial officer now owns 454,918 shares in the company, valued at $23,655,736. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brandon B. Boze sold 6,700,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $49.51, for a total value of $331,717,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,864,454 shares of company stock worth $340,096,303. Company insiders own 0.74% of the company’s stock.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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