Shayne & Jacobs LLC Reduces Holdings in CBRE Group, Inc. $CBRE

Shayne & Jacobs LLC lessened its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,861 shares of the financial services provider’s stock after selling 125 shares during the period. CBRE Group accounts for 1.6% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 11th largest position. Shayne & Jacobs LLC’s holdings in CBRE Group were worth $4,885,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Aberdeen Group plc lifted its position in shares of CBRE Group by 15.0% during the 2nd quarter. Aberdeen Group plc now owns 292,794 shares of the financial services provider’s stock valued at $41,026,000 after buying an additional 38,181 shares during the last quarter. PDS Planning Inc lifted its position in shares of CBRE Group by 11.0% during the 2nd quarter. PDS Planning Inc now owns 1,737 shares of the financial services provider’s stock valued at $243,000 after buying an additional 172 shares during the last quarter. Blue Trust Inc. lifted its holdings in CBRE Group by 447.0% during the 2nd quarter. Blue Trust Inc. now owns 45,413 shares of the financial services provider’s stock worth $6,363,000 after purchasing an additional 37,111 shares in the last quarter. Shikiar Asset Management Inc. bought a new position in CBRE Group in the 2nd quarter worth about $6,666,000. Finally, Callan Family Office LLC boosted its stake in CBRE Group by 172.1% in the 2nd quarter. Callan Family Office LLC now owns 8,523 shares of the financial services provider’s stock worth $1,194,000 after purchasing an additional 5,391 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $150.44 on Friday. The firm has a market capitalization of $44.76 billion, a P/E ratio of 42.14 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. The stock’s 50-day simple moving average is $159.43 and its two-hundred day simple moving average is $140.70. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $167.56.

CBRE Group (NYSE:CBRE) last announced its 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. The business 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. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent analyst reports. Evercore ISI lifted their target price on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday. Morgan Stanley lifted their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Raymond James Financial lifted their target price on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $170.78.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is currently owned by insiders.

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.