Hilltop National Bank Sells 102 Shares of CBRE Group, Inc. (NYSE:CBRE)

Hilltop National Bank cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,293 shares of the financial services provider’s stock after selling 102 shares during the period. Hilltop National Bank’s holdings in CBRE Group were worth $170,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Canton Hathaway LLC bought a new position in shares of CBRE Group during the 3rd quarter worth approximately $27,000. American National Bank & Trust bought a new position in shares of CBRE Group during the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC boosted its holdings in shares of 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 worth $36,000 after buying an additional 283 shares in the last quarter. Finally, Asset Dedication LLC bought a new position in shares of CBRE Group during the 3rd quarter worth approximately $40,000. 98.41% of the stock is currently owned by institutional investors.

Insider Transactions at CBRE Group

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

CBRE Group Trading Down 4.6 %

Shares of CBRE Group stock opened at $123.77 on Friday. CBRE Group, Inc. has a 1 year low of $82.75 and a 1 year high of $142.00. The firm has a market cap of $37.88 billion, a PE ratio of 39.80 and a beta of 1.39. The stock has a fifty day moving average price of $133.67 and a 200-day moving average price of $119.61. 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 results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CBRE shares. Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.33.

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.