Nisa Investment Advisors LLC Has $10.45 Million Stock Position in CBRE Group, Inc. $CBRE

Nisa Investment Advisors LLC reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 74,556 shares of the financial services provider’s stock after selling 2,812 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CBRE Group were worth $10,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in CBRE Group by 4.8% in 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 acquiring an additional 368,214 shares during the period. Invesco Ltd. increased its position in CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after acquiring an additional 397,818 shares during the period. Massachusetts Financial Services Co. MA increased its position in CBRE Group by 217.4% in 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 acquiring an additional 2,680,337 shares during the period. Northern Trust Corp increased its position in shares of CBRE Group by 2.1% during the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock worth $506,158,000 after buying an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after buying an additional 738,704 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at $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. 0.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CBRE shares. JPMorgan Chase & Co. increased their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Evercore ISI increased their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Morgan Stanley increased their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group Stock Down 1.1%

Shares of NYSE CBRE opened at $161.12 on Tuesday. The firm has a market cap of $47.95 billion, a PE ratio of 39.78 and a beta of 1.36. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00. The company’s fifty day simple moving average is $159.98 and its 200 day simple moving average is $143.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBRE) last issued its earnings results 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 business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. CBRE Group’s revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

CBRE Group Company 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.