Bank of New York Mellon Corp Has $219.34 Million Stock Position in CBRE Group, Inc. $CBRE

Bank of New York Mellon Corp lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 8.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,565,370 shares of the financial services provider’s stock after selling 144,640 shares during the quarter. Bank of New York Mellon Corp’s holdings in CBRE Group were worth $219,340,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of CBRE Group by 31.4% during the 1st quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock worth $12,005,000 after buying an additional 21,934 shares during the period. Advisors Capital Management LLC bought a new position in CBRE Group in the 1st quarter valued at $237,000. Smith Salley Wealth Management raised its position in CBRE Group by 64.0% in the 2nd quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 1,664 shares during the last quarter. Kathmere Capital Management LLC raised its position in CBRE Group by 98.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 3,276 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Strs Ohio bought a new position in CBRE Group in the 1st quarter valued at $1,416,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 0.9%

NYSE CBRE opened at $150.06 on Thursday. The stock has a fifty day moving average of $158.67 and a 200-day moving average of $145.34. The stock has a market capitalization of $44.66 billion, a P/E ratio of 37.05 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on CBRE shares. JPMorgan Chase & Co. lifted their price objective on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Evercore ISI lifted their price objective on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Finally, UBS Group lifted their price objective on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated 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 owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction dated 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.42% of the company’s stock.

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.