CBRE Group, Inc. $CBRE Shares Sold by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 83.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,530 shares of the financial services provider’s stock after selling 7,959 shares during the quarter. Signal Advisors Wealth LLC’s holdings in CBRE Group were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Czech National Bank raised its holdings in CBRE Group by 5.7% during the second quarter. Czech National Bank now owns 71,778 shares of the financial services provider’s stock worth $10,058,000 after purchasing an additional 3,888 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of CBRE Group by 20.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,701 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 286 shares during the last quarter. NBC Securities Inc. grew its position in shares of CBRE Group by 2.1% during the second quarter. NBC Securities Inc. now owns 11,720 shares of the financial services provider’s stock worth $1,642,000 after acquiring an additional 246 shares during the last quarter. Greenfield Savings Bank grew its position in shares of CBRE Group by 8.8% during the second quarter. Greenfield Savings Bank now owns 5,940 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 481 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its position in shares of CBRE Group by 53.9% during the second quarter. Central Pacific Bank Trust Division now owns 9,625 shares of the financial services provider’s stock worth $1,349,000 after acquiring an additional 3,370 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

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 shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were 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 owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,926 shares of company stock worth $1,338,073. Company insiders own 0.42% of the company’s stock.

CBRE Group Trading Down 1.1%

NYSE CBRE opened at $163.97 on Friday. The company has a 50-day moving average of $156.35 and a 200-day moving average of $137.93. The company has a market cap of $48.79 billion, a P/E ratio of 45.93 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. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

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

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Evercore ISI lifted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Raymond James Financial lifted their price objective on shares of 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 upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, UBS Group upped their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.22.

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.