Avior Wealth Management LLC Sells 1,800 Shares of CBRE Group, Inc. (NYSE:CBRE)

Avior Wealth Management LLC decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 18.2% during the fourth quarter, HoldingsChannel reports. The firm owned 8,100 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Avior Wealth Management LLC’s holdings in CBRE Group were worth $754,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Belpointe Asset Management LLC lifted its position in CBRE Group by 57.4% during the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 182 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares during the period. Headinvest LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC purchased a new position in CBRE Group during the 4th quarter valued at about $45,000. Finally, Bruce G. Allen Investments LLC purchased a new position in CBRE Group during the 4th quarter valued at about $48,000. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CBRE. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Evercore ISI lifted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $99.50.

Insider Transactions at CBRE Group

In related news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock worth $3,675,752 over the last three months. 0.53% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE stock opened at $85.13 on Thursday. The company has a 50 day moving average price of $92.45 and a 200-day moving average price of $84.70. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $98.65. The firm has a market capitalization of $26.13 billion, a PE ratio of 26.85 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that CBRE Group, Inc. will post 4.44 earnings per share for the current year.

CBRE Group Company 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.