CBRE Group, Inc. $CBRE Stock Holdings Trimmed by US Bancorp DE

US Bancorp DE lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,854 shares of the financial services provider’s stock after selling 7,584 shares during the period. US Bancorp DE’s holdings in CBRE Group were worth $10,769,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC acquired a new position in CBRE Group during the first quarter valued at $26,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group in the first quarter worth about $28,000. Golden State Wealth Management LLC lifted 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 worth $32,000 after buying an additional 213 shares during the last quarter. Quarry LP increased 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 purchasing an additional 147 shares during the period. Finally, Accredited Wealth Management LLC increased its stake 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 worth $43,000 after purchasing an additional 254 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer owned 26,717 shares in the company, 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 5,494 shares of company stock worth $857,593 in the last 90 days. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

CBRE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Morgan Stanley lifted their price objective on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Raymond James Financial boosted their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Evercore ISI raised their price objective on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Finally, UBS Group boosted their price objective on CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $170.78.

CBRE Group Price Performance

CBRE Group stock opened at $150.44 on Friday. 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 $44.76 billion, a PE ratio of 42.14 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 business has a 50 day simple moving average of $159.43 and a 200 day simple moving average of $140.76.

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 business had revenue of $9.75 billion during the quarter, compared to the consensus estimate 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. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.