Bessemer Group Inc. Has $159.32 Million Position in CBRE Group, Inc. $CBRE

Bessemer Group Inc. lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,137,014 shares of the financial services provider’s stock after selling 7,286 shares during the period. Bessemer Group Inc. owned about 0.38% of CBRE Group worth $159,319,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of CBRE Group by 4.8% during the 1st 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 buying an additional 368,214 shares during the period. Invesco Ltd. raised its holdings in shares of CBRE Group by 6.6% during the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after purchasing an additional 397,818 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of CBRE Group by 217.4% during the 1st 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 purchasing an additional 2,680,337 shares in the last quarter. Northern Trust Corp raised its holdings in shares of CBRE Group by 2.1% during the 1st 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of CBRE Group by 24.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after purchasing an additional 738,704 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $163.28 on Monday. The firm’s 50-day moving average is $159.91 and its 200-day moving average is $143.32. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 40.32 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The business’s revenue was up 13.5% compared to the same quarter last year. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Transactions at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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. The trade was a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Raymond James Financial raised their price target on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. UBS Group lifted their target price on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley lifted their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Friday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group 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.