Eukles Asset Management Sells 412 Shares of CBRE Group, Inc. $CBRE

Eukles Asset Management cut its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,431 shares of the financial services provider’s stock after selling 412 shares during the quarter. CBRE Group comprises about 2.0% of Eukles Asset Management’s holdings, making the stock its 13th largest position. Eukles Asset Management’s holdings in CBRE Group were worth $4,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Achmea Investment Management B.V. acquired a new stake in CBRE Group during the 2nd quarter worth about $20,862,000. Andra AP fonden grew its stake in CBRE Group by 30.3% during the second quarter. Andra AP fonden now owns 220,100 shares of the financial services provider’s stock worth $30,840,000 after purchasing an additional 51,200 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in CBRE Group by 4.9% in the second quarter. Resona Asset Management Co. Ltd. now owns 159,842 shares of the financial services provider’s stock worth $22,363,000 after purchasing an additional 7,416 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in CBRE Group by 156.3% in the second quarter. Atlantic Union Bankshares Corp now owns 20,131 shares of the financial services provider’s stock valued at $2,821,000 after buying an additional 12,276 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of CBRE Group by 2.5% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 141,409 shares of the financial services provider’s stock worth $19,814,000 after buying an additional 3,418 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Up 0.1%

CBRE stock opened at $150.19 on Friday. The firm has a market capitalization of $44.69 billion, a PE ratio of 37.08 and a beta of 1.39. 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, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00. The stock’s 50 day moving average is $158.43 and its 200-day moving average is $145.37.

CBRE Group (NYSE:CBRE) last announced its quarterly 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. The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.CBRE Group’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity

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 value of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred on 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 SEC filing for this sale provides additional information. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. UBS Group boosted their target price on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Morgan Stanley upped their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.89.

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.