Leavell Investment Management Inc. Sells 68 Shares of CBRE Group, Inc. $CBRE

Leavell Investment Management Inc. lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.0% in the second quarter, Holdings Channel reports. The fund owned 1,631 shares of the financial services provider’s stock after selling 68 shares during the quarter. Leavell Investment Management Inc.’s holdings in CBRE Group were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. WPG Advisers LLC bought a new position in CBRE Group in the 1st quarter valued at approximately $26,000. Hughes Financial Services LLC bought a new position in CBRE Group in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its holdings in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after buying an additional 213 shares during the last quarter. Quarry LP raised its holdings in CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after buying an additional 147 shares during the last quarter. Finally, Accredited Wealth Management LLC raised its holdings in CBRE Group by 338.7% in the 1st quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after buying an additional 254 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the subject of a number of research reports. UBS Group raised their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday. 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. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Raymond James Financial raised their price target 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. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $171.89.

Insider Buying and Selling at CBRE Group

In other news, 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 sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% 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.

CBRE Group Stock Performance

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

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter last year, the firm posted $1.20 EPS. CBRE Group’s revenue was up 13.5% compared to the same quarter last year. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

About CBRE Group

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.