Blair William & Co. IL Sells 5,028 Shares of CBRE Group, Inc. $CBRE

Key Points

• Blair William & Co. IL reduced its holdings in CBRE Group, Inc. by 24.6%, selling 5,028 shares and now holds 15,405 shares valued at approximately $2.16 million.
• Following recent transactions, institutional investors own 98.41% of the company's stock, indicating significant institutional interest in CBRE Group.
• CBRE Group's earnings surpassed expectations with $1.19 EPS reported for the last quarter, beating the consensus estimate of $1.05.

Blair William & Co. IL lowered its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 24.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,405 shares of the financial services provider's stock after selling 5,028 shares during the period. Blair William & Co. IL's holdings in CBRE Group were worth $2,159,000 at the end of the most recent quarter.

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

Insider Activity

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were 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 of the company's stock, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,494 shares of company stock valued at $857,593. Corporate insiders own 0.42% of the company's stock.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $154.34 on Wednesday. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The stock has a market capitalization of $45.92 billion, a price-to-earnings ratio of 43.23 and a beta of 1.36. The company has a fifty day moving average of $159.32 and a 200-day moving average of $141.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (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 analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CBRE shares. Morgan Stanley boosted their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the company a "market perform" rating in a research note on Thursday, October 9th. Evercore ISI boosted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Raymond James Financial boosted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $170.78.

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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