Hilltop Holdings Inc. Cuts Holdings in CBRE Group, Inc. $CBRE

Hilltop Holdings Inc. reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 69.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Woodline Partners LP increased its holdings in shares of CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after purchasing an additional 6,908 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of CBRE Group by 67.0% in the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 179 shares during the period. First Trust Advisors LP lifted its stake in shares of CBRE Group by 41.3% in the second quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider’s stock valued at $3,474,000 after purchasing an additional 7,242 shares during the period. Finally, Walleye Capital LLC boosted its holdings in CBRE Group by 54.6% during the second quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider’s stock worth $686,000 after buying an additional 1,728 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Barclays boosted their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. UBS Group restated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Finally, Keefe, Bruyette & Woods raised their price objective on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.86.

CBRE Group Stock Performance

NYSE:CBRE opened at $144.06 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $42.18 billion, a P/E ratio of 32.82 and a beta of 1.20. The firm has a 50-day moving average price of $134.63 and a two-hundred day moving average price of $143.69. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction that occurred 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 directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This trade represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

About CBRE Group

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.