Janney Montgomery Scott LLC Has $572,000 Holdings in CBRE Group, Inc. $CBRE

Janney Montgomery Scott LLC lessened its position in CBRE Group, Inc. (NYSE:CBRE) by 15.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,083 shares of the financial services provider’s stock after selling 744 shares during the period. Janney Montgomery Scott LLC’s holdings in CBRE Group were worth $572,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock valued at $1,042,317,000 after acquiring an additional 368,214 shares in the last quarter. Invesco Ltd. grew its position in CBRE Group by 6.6% during the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after acquiring an additional 397,818 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock valued at $511,781,000 after acquiring an additional 2,680,337 shares during the last quarter. Northern Trust Corp lifted its position in CBRE Group by 2.1% in the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock valued at $506,158,000 after purchasing an additional 80,791 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after acquiring an additional 738,704 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 0.8%

CBRE stock opened at $155.49 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 $46.27 billion, a P/E ratio of 43.55 and a beta of 1.36. The firm’s fifty day simple moving average is $159.37 and its 200-day simple moving average is $141.36. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56.

CBRE Group (NYSE:CBRE) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates 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. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the 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 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 sale was disclosed in a filing with the SEC, which is available at 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 shares were 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 in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 in the last quarter. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. UBS Group lifted their price target on shares of 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 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. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, Morgan Stanley increased their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.