Hudson Capital Management LLC Has $5.27 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Hudson Capital Management LLC lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,172 shares of the financial services provider’s stock after selling 5,267 shares during the period. CBRE Group accounts for 1.6% of Hudson Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Hudson Capital Management LLC’s holdings in CBRE Group were worth $5,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. American Century Companies Inc. grew its holdings in CBRE Group by 28.6% during the second quarter. American Century Companies Inc. now owns 59,809 shares of the financial services provider’s stock valued at $5,330,000 after purchasing an additional 13,284 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of CBRE Group by 4.8% in the second quarter. Pacer Advisors Inc. now owns 21,979 shares of the financial services provider’s stock worth $1,959,000 after acquiring an additional 1,007 shares during the last quarter. Profund Advisors LLC grew its stake in shares of CBRE Group by 4.2% in the second quarter. Profund Advisors LLC now owns 4,671 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 187 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of CBRE Group by 31.6% in the second quarter. ProShare Advisors LLC now owns 65,383 shares of the financial services provider’s stock worth $5,826,000 after acquiring an additional 15,716 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Down 1.0 %

NYSE:CBRE opened at $139.50 on Thursday. CBRE Group, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $42.69 billion, a PE ratio of 44.86 and a beta of 1.39. The business’s 50-day simple moving average is $133.60 and its 200-day simple moving average is $122.28.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. Sell-side analysts expect that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CBRE. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Finally, JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.44.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company 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.