Strs Ohio Has $996,000 Stock Holdings in CBRE Group, Inc. $CBRE

Strs Ohio lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 34.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,107 shares of the financial services provider’s stock after selling 3,717 shares during the period. Strs Ohio’s holdings in CBRE Group were worth $996,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CBRE. LPL Financial LLC increased its position in CBRE Group by 31.4% during the 1st quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock worth $12,005,000 after purchasing an additional 21,934 shares in the last quarter. Advisors Capital Management LLC acquired a new stake in CBRE Group in the first quarter valued at approximately $237,000. Smith Salley Wealth Management grew its stake in shares of CBRE Group by 64.0% during the second quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock worth $597,000 after buying an additional 1,664 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of CBRE Group by 98.3% during the second quarter. Kathmere Capital Management LLC now owns 3,276 shares of the financial services provider’s stock worth $459,000 after buying an additional 1,624 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of CBRE Group by 5.8% in the 1st quarter. Cresset Asset Management LLC now owns 3,422 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 187 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction 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 of the company’s stock, valued at $17,267,167.70. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.42% of the stock is currently owned by insiders.

CBRE Group Trading Up 0.1%

NYSE CBRE 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 business’s 50-day moving average price is $158.43 and its two-hundred day moving average price is $145.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s quarterly 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. On average, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. UBS Group increased 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. Raymond James Financial lifted their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Evercore ISI raised their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus 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.