Optas LLC Reduces Stake in CBRE Group, Inc. $CBRE

Optas LLC decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.5% during the second quarter, HoldingsChannel.com reports. The firm owned 1,491 shares of the financial services provider’s stock after selling 70 shares during the period. Optas LLC’s holdings in CBRE Group were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its holdings in CBRE Group by 7.5% during the 2nd quarter. Venturi Wealth Management LLC now owns 3,166 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 220 shares in the last quarter. Shell Asset Management Co. increased its stake in CBRE Group by 24.4% in the 2nd quarter. Shell Asset Management Co. now owns 40,646 shares of the financial services provider’s stock worth $5,695,000 after acquiring an additional 7,976 shares during the last quarter. TriaGen Wealth Management LLC bought a new position in CBRE Group in the 2nd quarter worth about $4,457,000. KLP Kapitalforvaltning AS increased its stake in CBRE Group by 2.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 106,751 shares of the financial services provider’s stock worth $14,958,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its stake in CBRE Group by 16.7% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 13,236 shares of the financial services provider’s stock worth $1,855,000 after acquiring an additional 1,890 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other CBRE Group news, 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the 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 completion of the sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock worth $857,593 in the last ninety days. 0.42% of the stock is owned by insiders.

CBRE Group Price Performance

CBRE opened at $150.44 on Friday. The stock’s 50 day simple moving average is $159.43 and its 200 day simple moving average is $140.70. 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, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 42.14 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business 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, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CBRE shares. Keefe, Bruyette & Woods upped their target price on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research note on Thursday. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Raymond James Financial upped their target price on 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. upped their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Finally, Evercore ISI upped their target price on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $170.78.

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.