CBRE Group, Inc. $CBRE Shares Sold by American Century Companies Inc.

Key Points

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American Century Companies Inc. cut its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 59.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 472,641 shares of the financial services provider's stock after selling 685,079 shares during the period. American Century Companies Inc. owned about 0.16% of CBRE Group worth $61,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Valeo Financial Advisors LLC boosted its position in shares of CBRE Group by 4.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock worth $290,000 after buying an additional 85 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its position in shares of CBRE Group by 1.9% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock worth $663,000 after buying an additional 93 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of CBRE Group by 1.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock worth $1,064,000 after buying an additional 102 shares in the last quarter. Legacy Advisors LLC boosted its position in shares of CBRE Group by 6.4% in the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock worth $234,000 after buying an additional 108 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in shares of CBRE Group by 5.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock worth $293,000 after buying an additional 108 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CBRE shares. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. UBS Group upped their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Evercore ISI upped their target price on shares of CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Raymond James Financial upped their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have assigned 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 $158.00.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer owned 111,473 shares of the company's stock, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock valued at $1,338,073 in the last 90 days. 0.42% of the stock is currently owned by insiders.

CBRE Group Trading Up 3.4%

Shares of NYSE CBRE traded up $5.3680 on Friday, reaching $164.4880. 1,792,824 shares of the company traded hands, compared to its average volume of 1,743,999. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $164.89. The company has a 50 day moving average of $146.53 and a 200 day moving average of $135.01. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $48.94 billion, a PE ratio of 46.08 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS 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 company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts forecast 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.