Hills Bank & Trust Co Has $1.55 Million Stake in CBRE Group, Inc. (NYSE:CBRE)

Hills Bank & Trust Co lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,787 shares of the financial services provider’s stock after selling 530 shares during the period. Hills Bank & Trust Co’s holdings in CBRE Group were worth $1,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the fourth quarter valued at about $25,000. Canton Hathaway LLC acquired a new position in CBRE Group during the 3rd quarter worth approximately $27,000. Denver PWM LLC bought a new position in CBRE Group in the fourth quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group in the third quarter valued at approximately $32,000. Finally, Larson Financial Group LLC increased its holdings in shares of CBRE Group by 610.9% during the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 281 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $125.53 on Friday. The business’s fifty day simple moving average is $137.35 and its 200 day simple moving average is $131.06. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market capitalization of $37.66 billion, a P/E ratio of 39.98 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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%. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction 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 represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Morgan Stanley lifted their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

About CBRE Group

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.