Stratos Wealth Partners LTD. Lowers Holdings in CBRE Group, Inc. $CBRE

Stratos Wealth Partners LTD. reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.6% during the second quarter, HoldingsChannel reports. The fund owned 5,314 shares of the financial services provider’s stock after selling 89 shares during the period. Stratos Wealth Partners LTD.’s holdings in CBRE Group were worth $745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in CBRE Group in the 1st quarter worth about $26,000. Hughes Financial Services LLC bought a new stake in CBRE Group during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC raised its holdings in 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 worth $32,000 after buying an additional 213 shares during the last quarter. Quarry LP lifted its stake 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 worth $39,000 after buying an additional 147 shares in the last quarter. Finally, Accredited Wealth Management LLC grew 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 buying an additional 254 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 2.0%

Shares of NYSE:CBRE opened at $164.16 on Thursday. The stock’s 50-day simple moving average is $159.72 and its two-hundred day simple moving average is $142.30. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 45.98 and a beta of 1.36. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm had revenue of $9.75 billion for the quarter, compared to analysts’ expectations 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. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 in the last 90 days. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of recent analyst reports. Evercore ISI boosted 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 boosted their price target on CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Raymond James Financial increased their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.78.

CBRE Group Company 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.