Hilltop Holdings Inc. Trims Stake in CBRE Group, Inc. $CBRE

Hilltop Holdings Inc. cut its position in CBRE Group, Inc. (NYSE:CBRE) by 69.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,002 shares of the financial services provider’s stock after selling 6,761 shares during the quarter. Hilltop Holdings Inc.’s holdings in CBRE Group were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CBRE. Swiss RE Ltd. acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $25,000. Navalign LLC acquired a new position in shares of CBRE Group in the 4th quarter valued at $29,000. Ascentis Independent Advisors acquired a new position in shares of CBRE Group in the 1st quarter valued at $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in CBRE Group in the 1st quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CBRE Group in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Evercore set a $169.00 price target on CBRE Group in a report on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $144.06 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a fifty day moving average price of $134.63 and a 200 day moving average price of $143.69. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The company has a market cap of $42.18 billion, a PE ratio of 32.82 and a beta of 1.20.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

CBRE Group Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.