Atlantic Edge Private Wealth Management LLC Reduces Stock Position in CBRE Group, Inc. $CBRE

Atlantic Edge Private Wealth Management LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 28.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,136 shares of the financial services provider’s stock after selling 4,455 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in CBRE Group were worth $1,560,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group during the first quarter worth about $26,000. Hughes Financial Services LLC purchased a new stake in CBRE Group in the first quarter worth about $28,000. Golden State Wealth Management LLC lifted its holdings in CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after buying an additional 213 shares during the period. Quarry LP lifted its holdings in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after buying an additional 147 shares during the period. Finally, Accredited Wealth Management LLC lifted its holdings in CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock worth $43,000 after buying an additional 254 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 1.8%

Shares of CBRE Group stock opened at $159.91 on Tuesday. The company has a 50-day simple moving average of $159.53 and a two-hundred day simple moving average of $142.02. The stock has a market capitalization of $47.58 billion, a PE ratio of 44.79 and a beta of 1.36. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,494 shares of company stock valued at $857,593. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CBRE shares. 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 report on Thursday, July 24th. Evercore ISI raised their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.78.

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.