Bank of New York Mellon Corp Decreases Stock Holdings in CoStar Group, Inc. $CSGP

Bank of New York Mellon Corp reduced its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,844,665 shares of the technology company’s stock after selling 689,102 shares during the quarter. Bank of New York Mellon Corp’s holdings in CoStar Group were worth $389,511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Emerald Advisers LLC lifted its position in CoStar Group by 1.9% during the second quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock worth $463,000 after buying an additional 110 shares in the last quarter. Wallace Advisory Group LLC increased its stake in shares of CoStar Group by 2.5% in the 2nd quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock worth $412,000 after acquiring an additional 126 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of CoStar Group by 0.3% during the 2nd quarter. Yousif Capital Management LLC now owns 49,852 shares of the technology company’s stock worth $4,008,000 after acquiring an additional 130 shares during the period. MGO One Seven LLC raised its holdings in shares of CoStar Group by 5.0% during the 2nd quarter. MGO One Seven LLC now owns 3,006 shares of the technology company’s stock worth $242,000 after acquiring an additional 143 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of CoStar Group by 5.4% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 3,183 shares of the technology company’s stock valued at $256,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Transactions at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSGP has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a research report on Thursday, October 9th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Wednesday, October 29th. Robert W. Baird lifted their price target on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CoStar Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $69.79 on Wednesday. CoStar Group, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 3.12. The company has a 50 day moving average price of $81.84 and a 200 day moving average price of $82.48. The stock has a market capitalization of $29.58 billion, a P/E ratio of 1,395.80, a PEG ratio of 3.32 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Equities research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.