Versor Investments LP Sells 3,666 Shares of CBRE Group, Inc. $CBRE

Key Points

• Versor Investments LP has reduced its stake in CBRE Group by 45.3%, selling 3,666 shares, leaving it with a total of 4,434 shares valued at approximately $580,000.
• Other institutional investors like Principal Financial Group and Invesco Ltd. have increased their holdings in CBRE Group, indicating a strong interest in the firm with 98.41% of its stock owned by institutional investors.
• CBRE Group reported better-than-expected earnings with a 1.19 EPS for the quarter, surpassing analysts' estimates, and setting a FY 2025 guidance of 6.100-6.200 EPS.

Versor Investments LP lessened its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 45.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,434 shares of the financial services provider's stock after selling 3,666 shares during the quarter. Versor Investments LP's holdings in CBRE Group were worth $580,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after buying an additional 368,214 shares during the last quarter. Invesco Ltd. lifted its stake in CBRE Group by 6.6% in the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock valued at $837,938,000 after buying an additional 397,818 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares during the last quarter. Northern Trust Corp lifted its stake in CBRE Group by 12.6% in the fourth quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock valued at $497,525,000 after buying an additional 424,663 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after purchasing an additional 738,704 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company'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 in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer owned 26,717 shares of the company's stock, valued at $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

CBRE has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. 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 research note on Thursday, June 12th. Evercore ISI lifted their price target on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Raymond James Financial lifted their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $160.33.

CBRE Group Stock Performance

CBRE traded up $0.6280 on Monday, hitting $165.0380. The company had a trading volume of 1,258,166 shares, compared to its average volume of 1,773,516. The company's fifty day moving average price is $147.15 and its 200 day moving average price is $135.02. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $165.41. 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 stock has a market cap of $49.11 billion, a price-to-earnings ratio of 46.23 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities 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.