CBRE Group, Inc. $CBRE Shares Sold by HTG Investment Advisors Inc.

Key Points

• HTG Investment Advisors Inc. reduced its stake in CBRE Group by 3.3%, selling 4,514 shares and holding 134,313 shares valued at approximately $18.82 million.
• Institutional investors and hedge funds own 98.41% of CBRE Group's stock, indicating strong institutional interest in the company.
• Analyst ratings for CBRE Group suggest a consensus "Moderate Buy" rating, with price targets ranging from $146.00 to $185.00.

HTG Investment Advisors Inc. lowered its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,313 shares of the financial services provider's stock after selling 4,514 shares during the period. CBRE Group makes up about 7.0% of HTG Investment Advisors Inc.'s holdings, making the stock its 5th biggest position. HTG Investment Advisors Inc.'s holdings in CBRE Group were worth $18,820,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS grew its stake in shares of CBRE Group by 2.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 106,751 shares of the financial services provider's stock valued at $14,958,000 after buying an additional 2,300 shares during the period. Knights of Columbus Asset Advisors LLC lifted its position in shares of CBRE Group by 16.7% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 13,236 shares of the financial services provider's stock worth $1,855,000 after buying an additional 1,890 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in shares of CBRE Group by 3.9% during the 2nd quarter. Marks Group Wealth Management Inc now owns 6,185 shares of the financial services provider's stock worth $867,000 after buying an additional 230 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of CBRE Group by 19.3% during the 2nd quarter. OLD National Bancorp IN now owns 2,707 shares of the financial services provider's stock worth $379,000 after buying an additional 437 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of CBRE Group by 14.4% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 39,411 shares of the financial services provider's stock worth $5,522,000 after buying an additional 4,965 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBRE has been the subject of several research analyst reports. Evercore ISI raised their price target on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods boosted 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. UBS Group boosted their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Raymond James Financial lifted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $165.22.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the company's 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 sale, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is currently owned by company insiders.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $153.47 on Tuesday. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56. 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 company's 50-day moving average is $159.79 and its 200 day moving average is $140.30. The stock has a market capitalization of $45.66 billion, a P/E ratio of 42.99 and a beta of 1.36.

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. The company had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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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