Gateway Investment Advisers LLC Lowers Position in CBRE Group, Inc. $CBRE

Key Points

• Gateway Investment Advisers LLC reduced its position in CBRE Group, Inc. by 52.0% during the second quarter, holding 2,294 shares worth approximately $321,000 after the sale.
• JPMorgan Chase & Co. increased their target price for CBRE Group shares from $143.00 to $185.00, maintaining an "overweight" rating, while the average price target among analysts is $165.22.
• CBRE Group reported earnings of $1.19 per share for the last quarter, exceeding analyst estimates and generated revenue of $9.75 billion, above expectations of $9.50 billion.

Gateway Investment Advisers LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 52.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,294 shares of the financial services provider's stock after selling 2,488 shares during the period. Gateway Investment Advisers LLC's holdings in CBRE Group were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CBRE. Czech National Bank boosted its stake in CBRE Group by 5.7% in the second quarter. Czech National Bank now owns 71,778 shares of the financial services provider's stock worth $10,058,000 after buying an additional 3,888 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of CBRE Group by 20.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,701 shares of the financial services provider's stock valued at $238,000 after purchasing an additional 286 shares during the last quarter. NBC Securities Inc. raised its position in CBRE Group by 2.1% in the 2nd quarter. NBC Securities Inc. now owns 11,720 shares of the financial services provider's stock worth $1,642,000 after purchasing an additional 246 shares during the period. Greenfield Savings Bank lifted its stake in CBRE Group by 8.8% in the second quarter. Greenfield Savings Bank now owns 5,940 shares of the financial services provider's stock worth $832,000 after purchasing an additional 481 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in CBRE Group by 53.9% during the second quarter. Central Pacific Bank Trust Division now owns 9,625 shares of the financial services provider's stock valued at $1,349,000 after buying an additional 3,370 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the sale, the chief accounting officer owned 20,131 shares of the company's stock, valued at $2,818,340. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock worth $1,338,073 in the last three months. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

CBRE has been the topic of several analyst reports. Raymond James Financial lifted their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Trading Down 1.1%

Shares of CBRE Group stock traded down $1.76 on Friday, reaching $163.97. The company had a trading volume of 2,918,262 shares, compared to its average volume of 1,462,473. The firm has a market cap of $48.79 billion, a price-to-earnings ratio of 45.93 and a beta of 1.36. 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's 50-day moving average price is $156.35 and its two-hundred day moving average price is $137.93. 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 issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.