Chevy Chase Trust Holdings LLC Acquires 85 Shares of CBRE Group, Inc. $CBRE

Chevy Chase Trust Holdings LLC lifted its position in CBRE Group, Inc. (NYSE:CBRE) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,126 shares of the financial services provider’s stock after acquiring an additional 85 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of CBRE Group worth $21,736,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of CBRE Group in the 1st quarter worth $26,000. Hughes Financial Services LLC bought a new stake in shares of CBRE Group in the 1st quarter worth $28,000. Golden State Wealth Management LLC grew its stake in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 213 shares in the last quarter. Quarry LP grew its stake in shares of CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 147 shares in the last quarter. Finally, Accredited Wealth Management LLC grew its stake in shares of CBRE Group by 338.7% in the 1st quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares of the company’s stock, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock valued at $857,593 over the last three months. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Raymond James Financial upped their target price 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. UBS Group boosted their price target on shares of CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods boosted their price target 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $170.78.

CBRE Group Price Performance

NYSE CBRE opened at $157.08 on Friday. The company has a market cap of $46.74 billion, a PE ratio of 44.00 and a beta of 1.36. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. 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 firm’s 50-day simple moving average is $159.40 and its two-hundred day simple moving average is $141.60.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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. The business had revenue of $9.75 billion for the quarter, compared to the consensus estimate 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. Research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.