CBRE Group, Inc. $CBRE Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC trimmed its position in CBRE Group, Inc. (NYSE:CBRE) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,524 shares of the financial services provider’s stock after selling 692 shares during the period. CBRE Group comprises about 3.1% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 14th largest holding. S.E.E.D. Planning Group LLC’s holdings in CBRE Group were worth $10,022,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in CBRE Group in the 1st quarter worth about $26,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group in the 4th quarter worth about $28,000. Hughes Financial Services LLC acquired a new stake in CBRE Group in the 1st quarter worth about $28,000. Golden State Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 213 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 worth $37,000 after purchasing an additional 266 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’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 completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 over the last quarter. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Down 1.2%

Shares of NYSE CBRE opened at $163.88 on Monday. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 45.91 and a beta of 1.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The business’s 50 day moving average is $153.99 and its two-hundred day moving average is $137.09.

CBRE Group (NYSE:CBRE) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to analyst estimates 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. Research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Evercore ISI boosted their target price on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. UBS Group boosted 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. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.22.

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.