CBRE Group, Inc. $CBRE Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in CBRE Group, Inc. by 3.3%, owning 551,557 shares after selling 18,855 shares during the first quarter.
• Analysts have shown positive sentiment towards CBRE Group, with several firms increasing their price targets, including UBS Group raising it from $130.00 to $146.00.
• Insiders have sold a total of 8,926 shares of CBRE stock valued at approximately $1.34 million over the past 90 days, reflecting changes in their holdings.

Hsbc Holdings PLC cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 551,557 shares of the financial services provider's stock after selling 18,855 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of CBRE Group worth $71,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CBRE. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group during the 4th quarter worth $28,000. Hughes Financial Services LLC purchased a new position in shares of CBRE Group during the 1st quarter worth $28,000. Golden State Wealth Management LLC grew its holdings in shares of CBRE Group by 687.1% during the 1st 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 during the period. Colonial Trust Co SC boosted its holdings in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 266 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.0%

CBRE stock traded down $1.59 during mid-day trading on Tuesday, reaching $163.39. The company had a trading volume of 312,769 shares, compared to its average volume of 1,796,735. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $48.62 billion, a price-to-earnings ratio of 45.78 and a beta of 1.34. The firm has a fifty day simple moving average of $147.15 and a 200 day simple moving average of $135.02. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $165.41.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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 company had revenue of $9.75 billion for the quarter, compared to analyst estimates 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. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares of the company's stock, valued at $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 available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction dated 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 $4,151,020.29. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock valued at $1,338,073 in the last quarter. Corporate insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CBRE. UBS Group raised their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Evercore ISI raised their target price on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised their target price on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Company 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.