HighTower Advisors LLC Decreases Stake in CBRE Group, Inc. $CBRE

Key Points

• HighTower Advisors LLC reduced its holdings in CBRE Group, Inc. by 59.8% in the 1st quarter, holding 25,089 shares valued at approximately $3.28 million after selling 37,258 shares.
• Analysts have generally optimistic outlooks on CBRE Group, with seven analysts rating the stock as a Buy and an average target price raised to $158.00.
• CBRE Group reported earnings of $1.19 per share for the last quarter, exceeding estimates, and projects a EPS range of 6.100-6.200 for FY 2025.

HighTower Advisors LLC lessened its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 59.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,089 shares of the financial services provider's stock after selling 37,258 shares during the quarter. HighTower Advisors LLC's holdings in CBRE Group were worth $3,281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CBRE. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group during the 4th quarter worth $28,000. Hughes Financial Services LLC acquired a new position in shares of CBRE Group during the 1st quarter worth $28,000. Golden State Wealth Management LLC raised its stake 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 buying an additional 213 shares during the last quarter. Colonial Trust Co SC raised its stake in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after buying an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 worth $37,000 after buying an additional 266 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Down 0.1%

CBRE traded down $0.22 during midday trading on Wednesday, hitting $163.20. The company's stock had a trading volume of 1,543,788 shares, compared to its average volume of 1,634,868. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market cap of $48.56 billion, a P/E ratio of 45.71 and a beta of 1.34. The firm has a 50-day moving average price of $148.37 and a two-hundred day moving average price of $135.41. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-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 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analysts' expectations 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. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group 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 owned 26,717 shares of the company's stock, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 in the last 90 days. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CBRE shares. Raymond James Financial boosted their target price 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. Evercore ISI boosted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. 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, JPMorgan Chase & Co. boosted their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note 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, CBRE Group has a consensus 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.