CBRE Group, Inc. $CBRE Shares Sold by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd has reduced its stake in CBRE Group, Inc. by 16.5%, selling 3,276 shares and bringing their total holdings to 16,523 shares valued at approximately $2.18 million.
• Several institutional investors have increased their holdings in CBRE, with Massachusetts Financial Services growing its stake by 217.4% to nearly 3.91 million shares worth around $511.78 million.
• Analysts have upgraded their price targets for CBRE, with JPMorgan Chase raising its target to $185.00 and a consensus rating of "Moderate Buy" among analysts.

Plato Investment Management Ltd lowered its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,523 shares of the financial services provider's stock after selling 3,276 shares during the period. Plato Investment Management Ltd's holdings in CBRE Group were worth $2,184,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in CBRE Group by 217.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after acquiring an additional 2,680,337 shares in the last quarter. Nuveen LLC acquired a new position in CBRE Group during the 1st quarter worth approximately $214,283,000. GAMMA Investing LLC grew its holdings in CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after acquiring an additional 1,285,300 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in CBRE Group by 212.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after acquiring an additional 741,477 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in CBRE Group by 24.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock worth $487,127,000 after acquiring an additional 738,704 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analysts Set New Price Targets

CBRE has been the subject of several analyst reports. UBS Group boosted their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial upped their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Trading Up 0.4%

Shares of CBRE Group stock opened at $162.66 on Thursday. The company has a fifty day simple moving average of $153.09 and a 200-day simple moving average of $136.76. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $165.41. 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 stock has a market cap of $48.40 billion, a price-to-earnings ratio of 45.56 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its 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 business had revenue of $9.75 billion during 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, equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock worth $1,338,073 in the last 90 days. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.