Central Pacific Bank Trust Division Raises Stock Position in CBRE Group, Inc. $CBRE

Key Points

• Central Pacific Bank Trust Division has increased its holdings in CBRE Group, Inc. by 53.9%, owning 9,625 shares valued at approximately $1.35 million as of the latest reporting period.
• Several analysts have upgraded their ratings on CBRE Group, with price targets now ranging from $146.00 to $185.00, reflecting strong confidence in the company's growth prospects.
• In recent insider transactions, CEO Vikramaditya Kohli and CFO Emma E. Giamartino sold shares of CBRE Group, indicating minor adjustments in their personal holdings.

Central Pacific Bank Trust Division grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 53.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,625 shares of the financial services provider's stock after acquiring an additional 3,370 shares during the period. Central Pacific Bank Trust Division's holdings in CBRE Group were worth $1,349,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. AG2R LA Mondiale Gestion D Actifs bought a new position in CBRE Group during the first quarter worth $1,685,000. Voya Investment Management LLC raised its stake in CBRE Group by 3.4% during the first quarter. Voya Investment Management LLC now owns 906,438 shares of the financial services provider's stock worth $118,544,000 after buying an additional 30,106 shares during the last quarter. Nicola Wealth Management LTD. raised its stake in CBRE Group by 5.8% during the first quarter. Nicola Wealth Management LTD. now owns 9,124 shares of the financial services provider's stock worth $1,193,000 after buying an additional 500 shares during the last quarter. Strs Ohio bought a new position in CBRE Group during the first quarter worth $1,416,000. Finally, Intrua Financial LLC acquired a new stake in CBRE Group in the first quarter worth $238,000. Institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up 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. JPMorgan Chase & Co. raised 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 raised 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $165.22.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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 of the company's stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 directly 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 90 days, insiders have sold 8,926 shares of company stock valued at $1,338,073. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

CBRE stock traded up $1.53 during mid-day trading on Wednesday, hitting $164.37. The company had a trading volume of 1,584,720 shares, compared to its average volume of 1,784,593. The firm has a market cap of $48.91 billion, a PE ratio of 46.04 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56. The stock's fifty day moving average price is $154.90 and its two-hundred day moving average price is $137.43.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates 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, analysts forecast 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.