Trust Co. of Toledo NA OH Takes $98,000 Position in CBRE Group, Inc. $CBRE

Trust Co. of Toledo NA OH purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 701 shares of the financial services provider’s stock, valued at approximately $98,000.

Other large investors have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of CBRE Group in the first quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC grew its position in shares of CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Quarry LP grew its position in shares of CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 147 shares during the last quarter. Finally, Accredited Wealth Management LLC grew its position in shares of CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 254 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,494 shares of company stock valued at $857,593. Company insiders own 0.42% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $150.44 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The company has a market cap of $44.76 billion, a P/E ratio of 42.14 and a beta of 1.36. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The firm’s 50 day moving average is $159.43 and its two-hundred day moving average is $140.82.

CBRE Group (NYSE:CBRE) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CBRE. UBS Group raised their target price on shares of CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Morgan Stanley raised their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average target price of $170.78.

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.