CBRE Group, Inc. $CBRE Stock Holdings Cut by Studio Investment Management LLC

Studio Investment Management LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,471 shares of the financial services provider’s stock after selling 109 shares during the quarter. Studio Investment Management LLC’s holdings in CBRE Group were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division lifted its holdings in shares of CBRE Group by 4.2% in the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 76 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of CBRE Group by 4.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 85 shares in the last quarter. NorthRock Partners LLC lifted its holdings in shares of CBRE Group by 1.8% in the second quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 90 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in shares of CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 93 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of CBRE Group by 1.3% in the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 102 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on CBRE shares. JPMorgan Chase & Co. increased their price objective on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. UBS Group increased their price objective on CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Finally, Morgan Stanley increased their price objective on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.78.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the transaction, the chief accounting officer directly owned 26,717 shares of the company’s stock, valued at $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% 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 valued at $857,593 over the last three months. 0.42% of the stock is currently owned by insiders.

CBRE Group Trading Up 0.7%

CBRE Group stock opened at $160.96 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 market capitalization of $47.89 billion, a price-to-earnings ratio of 45.09 and a beta of 1.36. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The company’s fifty day moving average price is $159.63 and its two-hundred day moving average price is $142.15.

CBRE Group (NYSE:CBRE) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS 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 the consensus estimate 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. On average, analysts forecast 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.