Signal Advisors Wealth LLC Sells 7,959 Shares of CBRE Group, Inc. $CBRE

Key Points

• Signal Advisors Wealth LLC reduced its stake in CBRE Group, Inc. by 83.9% in the second quarter, now holding only 1,530 shares valued at $214,000.
• The company's stock has seen significant interest from other institutional investors, with a 98.41% ownership stake collectively among them.
• CBRE Group's latest earnings report revealed an EPS of $1.19, exceeding estimates, with projected guidance of 6.100-6.200 EPS for FY 2025.

Signal Advisors Wealth LLC cut its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 83.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,530 shares of the financial services provider's stock after selling 7,959 shares during the quarter. Signal Advisors Wealth LLC's holdings in CBRE Group were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC purchased a new stake in CBRE Group in the 1st quarter worth approximately $26,000. Hughes Financial Services LLC purchased a new stake in CBRE Group in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its stake in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after purchasing an additional 213 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Finally, Quarry LP lifted its stake in CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider's stock worth $39,000 after purchasing an additional 147 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm's 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 directly owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,494 shares of company stock valued at $857,593. Company insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. increased their price target 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. UBS Group increased 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. Evercore ISI increased their price target on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Trading Up 0.2%

Shares of NYSE:CBRE traded up $0.30 on Tuesday, hitting $162.91. The company had a trading volume of 323,058 shares, compared to its average volume of 1,775,660. The firm's 50-day simple moving average is $156.78 and its two-hundred day simple moving average is $138.18. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $48.47 billion, a price-to-earnings ratio of 45.63 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping 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 firm had revenue of $9.75 billion during the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

CBRE Group Company 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.