Mutual of America Capital Management LLC Sells 697 Shares of CBRE Group, Inc. $CBRE

Mutual of America Capital Management LLC cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,014 shares of the financial services provider’s stock after selling 697 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CBRE Group were worth $5,887,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of CBRE Group during the first quarter valued at $26,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group during the first quarter valued at $28,000. Golden State Wealth Management LLC lifted its holdings in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 213 shares during the period. Quarry LP lifted its holdings in shares of CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 147 shares during the period. Finally, Accredited Wealth Management LLC lifted its holdings in shares of CBRE Group by 338.7% during the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 254 shares during the period. 98.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Morgan Stanley lifted their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Raymond James Financial lifted their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, UBS Group lifted their price target on CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $170.78.

CBRE Group Price Performance

Shares of CBRE stock opened at $160.96 on Wednesday. The stock has a 50-day moving average price of $159.63 and a 200 day moving average price of $142.15. 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 firm has a market cap of $47.89 billion, a price-to-earnings ratio of 45.09 and a beta of 1.36. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56.

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

Insider Buying and Selling

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was 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. The trade was a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 5,494 shares of company stock worth $857,593 over the last three months. 0.42% of the stock is currently owned by company insiders.

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.