CBRE Group, Inc. $CBRE Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 63.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,633 shares of the financial services provider’s stock after selling 8,011 shares during the period. Kestra Advisory Services LLC’s holdings in CBRE Group were worth $628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss RE Ltd. purchased a new stake in CBRE Group during the fourth quarter worth $25,000. Navalign LLC purchased a new position in shares of CBRE Group in the fourth quarter valued at $29,000. Ascentis Independent Advisors purchased a new position in shares of CBRE Group in the first quarter valued at $30,000. Sound Income Strategies LLC raised its stake in shares of CBRE Group by 5,180.0% during the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock worth $36,000 after buying an additional 259 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CBRE Group during the 4th quarter worth $42,000. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Up 2.9%

CBRE opened at $139.50 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market cap of $40.85 billion, a P/E ratio of 31.78 and a beta of 1.20. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The business’s fifty day simple moving average is $134.36 and its 200 day simple moving average is $143.99.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the business posted $0.86 EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the topic of a number of research reports. Barclays increased their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.86.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.