CBRE Group, Inc. $CBRE Shares Sold by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. has reduced its stake in CBRE Group, Inc. by 65.0%, owning only 1,846 shares after selling 3,429 shares in the first quarter.
• Insider transactions included CEO Vikramaditya Kohli and CFO Emma E. Giamartino selling shares, resulting in a 0.89% and 1.90% reduction in their holdings, respectively.
• Research analysts have upgraded CBRE Group's stock ratings, with several raising target prices, reflecting an average target price of $165.22 and a rating of "Moderate Buy."

Advisors Asset Management Inc. decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 65.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,846 shares of the financial services provider's stock after selling 3,429 shares during the quarter. Advisors Asset Management Inc.'s holdings in CBRE Group were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CBRE. Sowell Financial Services LLC purchased a new stake in CBRE Group during the first quarter valued at approximately $256,000. Cambridge Investment Research Advisors Inc. increased its position in shares of CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after acquiring an additional 1,310 shares during the period. USA Financial Formulas purchased a new position in shares of CBRE Group during the first quarter valued at $1,101,000. Golden State Wealth Management LLC increased its position in 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 valued at $32,000 after purchasing an additional 213 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in CBRE Group by 4.8% during 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 period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 0.9%

CBRE stock traded up $1.53 during midday trading on Wednesday, reaching $164.37. 1,584,742 shares of the company were exchanged, compared to its average volume of 1,478,024. The stock's 50-day simple moving average is $155.39 and its 200 day simple moving average is $137.62. 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 quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $48.91 billion, a price-to-earnings ratio of 46.04 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 analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Evercore ISI upped their target price on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. UBS Group upped their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Raymond James Financial increased their price target 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, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company's stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 over the last quarter. 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.