Blair William & Co. IL Sells 5,028 Shares of CBRE Group, Inc. $CBRE

Blair William & Co. IL reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 24.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 15,405 shares of the financial services provider’s stock after selling 5,028 shares during the quarter. Blair William & Co. IL’s holdings in CBRE Group were worth $2,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in CBRE Group during the 1st quarter valued at $256,000. Cambridge Investment Research Advisors Inc. raised its holdings in CBRE Group by 21.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider’s stock worth $968,000 after purchasing an additional 1,310 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 213 shares in the last quarter. Principal Financial Group Inc. raised its holdings in CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock worth $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in CBRE Group by 31.4% in the 1st quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock worth $12,005,000 after purchasing an additional 21,934 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CBRE has been the subject of several research reports. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Evercore ISI upped their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. UBS Group upped their price objective on shares of CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.78.

CBRE Group Stock Up 0.9%

Shares of CBRE Group stock opened at $154.34 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day moving average of $159.32 and a 200 day moving average of $141.08. The firm has a market cap of $45.92 billion, a price-to-earnings ratio of 43.23 and a beta of 1.36. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.