Atria Wealth Solutions Inc. Cuts Holdings in CBRE Group, Inc. $CBRE

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in CBRE Group, Inc. by 34.9% in Q2, owning 3,422 shares after selling 1,835 shares, worth approximately $479,000.
• Several other institutional investors, including Cambridge Investment Research Advisors and Golden State Wealth Management, have also adjusted their stakes in CBRE Group this year.
• Analysts have increased target prices for CBRE Group, with Morgan Stanley raising theirs from $170 to $180, indicating a positive outlook for the stock.

Atria Wealth Solutions Inc. decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 34.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,422 shares of the financial services provider's stock after selling 1,835 shares during the period. Atria Wealth Solutions Inc.'s holdings in CBRE Group were worth $479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of CBRE Group during the first quarter worth about $256,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after purchasing an additional 1,310 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after purchasing an additional 213 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 4.8% during the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of CBRE Group by 31.4% during the first quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider's stock worth $12,005,000 after purchasing an additional 21,934 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CBRE. Morgan Stanley boosted their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 7th. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Weiss Ratings restated a "buy (b-)" rating on shares of CBRE Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, UBS Group boosted their price target on shares of CBRE Group from $146.00 to $165.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $170.78.

CBRE Group Stock Performance

NYSE:CBRE opened at $157.08 on Monday. 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 capitalization of $46.74 billion, a price-to-earnings ratio of 44.00 and a beta of 1.36. The company's 50-day moving average is $159.40 and its two-hundred day moving average is $141.72. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is currently owned by insiders.

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.

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