CBRE Group, Inc. $CBRE Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 50.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,922 shares of the financial services provider’s stock after selling 8,059 shares during the period. Savant Capital LLC’s holdings in CBRE Group were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake 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 worth $837,938,000 after acquiring an additional 397,818 shares in the last quarter. Northern Trust Corp raised its holdings in 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 purchasing an additional 80,791 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 738,704 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in CBRE Group by 9.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock valued at $513,931,000 after purchasing an additional 319,115 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of CBRE Group by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,278,697 shares of the financial services provider’s stock valued at $298,009,000 after buying an additional 130,914 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent research reports. Morgan Stanley boosted 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. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Raymond James Financial raised their price objective 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. Finally, Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group Stock Performance

NYSE:CBRE opened at $152.94 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $45.51 billion, a PE ratio of 37.76 and a beta of 1.39. The firm has a 50 day simple moving average of $157.71 and a 200-day simple moving average of $146.54. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00.

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