CBRE Group, Inc. $CBRE Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,983 shares of the financial services provider’s stock after selling 277 shares during the quarter. D.B. Root & Company LLC’s holdings in CBRE Group were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. Brighton Jones LLC raised its holdings in CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in CBRE Group by 901.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,553 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 2,298 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in CBRE Group by 202.4% during the fourth quarter. OneDigital Investment Advisors LLC now owns 10,648 shares of the financial services provider’s stock worth $1,398,000 after purchasing an additional 7,127 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in CBRE Group during the fourth quarter worth approximately $201,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in CBRE Group by 85.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider’s stock worth $281,984,000 after purchasing an additional 991,354 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBRE. Evercore ISI raised their price objective on shares of CBRE Group from $147.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Raymond James Financial raised their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $158.00.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were 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 approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business’s 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 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. Insiders have sold a total of 8,926 shares of company stock worth $1,338,073 in the last three months. Insiders own 0.42% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $159.0430 on Friday. The firm’s fifty day moving average price is $145.90 and its 200 day moving average price is $134.87. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $161.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $47.32 billion, a price-to-earnings ratio of 44.55 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 firm had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.