Amundi Sells 205,772 Shares of CBRE Group, Inc. $CBRE

Key Points

• Amundi has reduced its stake in CBRE Group, Inc. by 15% during the first quarter, now holding 1,170,210 shares worth approximately $144.9 million.
• Several institutional investors have recently adjusted their stakes, with 98.41% of CBRE's stock owned by institutional investors and hedge funds.
• CBRE Group reported earnings of $1.19 EPS for the last quarter, surpassing estimates, with revenues reaching $9.75 billion. Analysts predict an EPS of 5.99 for the current year.

Amundi lessened its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 15.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,170,210 shares of the financial services provider's stock after selling 205,772 shares during the period. Amundi owned about 0.39% of CBRE Group worth $144,919,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in CBRE. Brighton Jones LLC boosted its holdings in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after acquiring an additional 11,065 shares in the last quarter. Aptus Capital Advisors LLC acquired a new position in CBRE Group in the fourth quarter worth $213,000. Captrust Financial Advisors boosted its stake in CBRE Group by 7.3% in the fourth quarter. Captrust Financial Advisors now owns 21,635 shares of the financial services provider's stock worth $2,841,000 after purchasing an additional 1,469 shares in the last quarter. Centiva Capital LP bought a new stake in shares of CBRE Group during the fourth quarter worth $560,000. Finally, Crestline Management LP acquired a new stake in shares of CBRE Group in the fourth quarter valued at $797,000. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CBRE. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Raymond James Financial boosted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Evercore ISI upped their price target on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Trading Down 0.9%

Shares of CBRE Group stock traded down $1.49 during trading on Tuesday, hitting $162.03. 1,342,369 shares of the company were exchanged, compared to its average volume of 1,797,574. 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 $48.21 billion, a P/E ratio of 45.39 and a beta of 1.36. The firm's fifty day moving average price is $152.28 and its 200 day moving average price is $136.40. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $165.41.

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 the consensus estimate 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 analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts expect 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, CAO Lindsey S. Caplan sold 1,494 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the transaction, the chief accounting officer owned 26,717 shares of the company's stock, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction on 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 sale, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,926 shares of company stock worth $1,338,073. Corporate insiders own 0.42% of the company's stock.

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.