Greenfield Savings Bank Buys 481 Shares of CBRE Group, Inc. $CBRE

Greenfield Savings Bank lifted its position in CBRE Group, Inc. (NYSE:CBRE) by 8.8% during the 2nd quarter, Holdings Channel reports. The firm owned 5,940 shares of the financial services provider’s stock after buying an additional 481 shares during the quarter. Greenfield Savings Bank’s holdings in CBRE Group were worth $832,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in CBRE Group in the first quarter valued at about $26,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new position in shares of CBRE Group in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC grew its position in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 213 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CBRE shares. UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $165.22.

CBRE Group Stock Performance

CBRE Group stock opened at $163.88 on Friday. The company has a market cap of $48.76 billion, a PE ratio of 45.91 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56. The company’s 50-day moving average is $153.99 and its two-hundred day moving average is $137.11.

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

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 26,717 shares of the company’s stock, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the chief financial officer owned 103,371 shares in the company, valued at $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. In the last 90 days, insiders sold 8,926 shares of company stock worth $1,338,073. Insiders own 0.42% of the company’s stock.

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.