Canada Pension Plan Investment Board Trims Stock Holdings in CBRE Group, Inc. $CBRE

Key Points

• The Canada Pension Plan Investment Board reduced its stake in CBRE Group, Inc. by 47.8%, holding 681,405 shares worth approximately $89.1 million at the end of the first quarter.
• Insider transactions at CBRE include CFO Emma E. Giamartino selling 2,000 shares for $315,200 and CEO Vikramaditya Kohli selling 1,000 shares for $154,900, indicating a slight decrease in their ownership positions.
• CBRE Group's recent quarterly earnings report showed an EPS of $1.19, exceeding analysts' expectations, with revenue of $9.75 billion for the quarter.

Canada Pension Plan Investment Board trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 681,405 shares of the financial services provider's stock after selling 623,470 shares during the period. Canada Pension Plan Investment Board owned 0.23% of CBRE Group worth $89,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in CBRE Group in the first quarter worth $26,000. Investment Management Corp VA ADV purchased a new stake in CBRE Group in the fourth quarter worth $28,000. Hughes Financial Services LLC bought a new stake in CBRE Group in the first quarter worth $28,000. Golden State Wealth Management LLC boosted its holdings in 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 worth $32,000 after acquiring an additional 213 shares in the last quarter. Finally, Colonial Trust Co SC boosted its holdings in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after acquiring an additional 180 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is owned by company insiders.

CBRE Group Trading Down 0.0%

Shares of NYSE:CBRE opened at $161.98 on Friday. The company has a market cap of $48.20 billion, a P/E ratio of 45.37 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. The stock's fifty day moving average price is $149.51 and its 200-day moving average price is $135.67.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

CBRE has been the topic of several analyst reports. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group boosted their target price on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Evercore ISI boosted their target price on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Seven 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, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $165.22.

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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