Cramer Rosenthal Mcglynn LLC Sells 10,051 Shares of CBRE Group, Inc. $CBRE

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in CBRE Group, Inc. by 8.4%, now holding 109,739 shares worth $14.35 million after selling 10,051 shares in the first quarter.
• Several large investors, including Principal Financial Group and JPMorgan Chase & Co., increased their stakes in CBRE Group, indicating confidence in the company's growth potential.
• CBRE Group reported a quarterly earnings per share of $1.19, surpassing analyst expectations and setting its FY 2025 guidance at 6.100-6.200 EPS.

Cramer Rosenthal Mcglynn LLC lowered its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,739 shares of the financial services provider's stock after selling 10,051 shares during the period. Cramer Rosenthal Mcglynn LLC's holdings in CBRE Group were worth $14,352,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of CBRE Group by 18.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 740,262 shares of the financial services provider's stock worth $96,811,000 after acquiring an additional 113,448 shares in the last quarter. Virtus Advisers LLC acquired a new position in CBRE Group during the first quarter valued at approximately $267,000. Synovus Financial Corp grew its holdings in CBRE Group by 5.8% during the first quarter. Synovus Financial Corp now owns 13,164 shares of the financial services provider's stock valued at $1,722,000 after purchasing an additional 721 shares during the last quarter. Walleye Capital LLC grew its holdings in CBRE Group by 53.2% during the first quarter. Walleye Capital LLC now owns 3,167 shares of the financial services provider's stock valued at $414,000 after purchasing an additional 1,100 shares during the last quarter. Finally, ICONIQ Capital LLC grew its holdings in CBRE Group by 23.2% during the first quarter. ICONIQ Capital LLC now owns 2,519 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 474 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on CBRE shares. Keefe, Bruyette & Woods increased their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price objective on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Evercore ISI increased their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $165.22.

Insider Buying and Selling

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares in the company, valued at $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. Insiders sold a total of 8,926 shares of company stock valued at $1,338,073 over the last ninety days. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE stock traded down $1.05 during midday trading on Thursday, hitting $161.99. The stock had a trading volume of 1,697,361 shares, compared to its average volume of 1,547,942. The firm has a market capitalization of $48.20 billion, a price-to-earnings ratio of 45.38 and a beta of 1.34. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $165.41. The stock has a 50-day simple moving average of $148.94 and a 200 day simple moving average of $135.53. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last issued 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. The firm had revenue of $9.75 billion during the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.