Cwm LLC Sells 8,150 Shares of CBRE Group, Inc. $CBRE

Key Points

• Cwm LLC has reduced its holdings in CBRE Group, Inc. by 37.7%, selling 8,150 shares and now owning a total of 13,479 shares valued at approximately $1.89 million.
• Insider transactions include CFO Emma E. Giamartino and CEO Vikramaditya Kohli selling shares, with Giamartino selling 2,000 shares for $315,200 and Kohli selling 1,000 shares for $154,900 in August.
• CBRE Group's stock is rated as a "Moderate Buy" by eight analysts, with target prices raised by several firms, including Morgan Stanley, which increased its target from $170.00 to $180.00.

Cwm LLC cut its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 37.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,479 shares of the financial services provider's stock after selling 8,150 shares during the period. Cwm LLC's holdings in CBRE Group were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of CBRE Group in the 1st quarter worth about $26,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group in the 1st quarter worth about $28,000. Golden State Wealth Management LLC increased its position 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 valued at $32,000 after buying an additional 213 shares in the last quarter. Quarry LP increased its position in CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider's stock valued at $39,000 after buying an additional 147 shares in the last quarter. Finally, Accredited Wealth Management LLC increased its position in CBRE Group by 338.7% in the 1st quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider's stock valued at $43,000 after buying an additional 254 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction that occurred 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 owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 in the last 90 days. Insiders own 0.42% of the company's stock.

CBRE Group Price Performance

CBRE stock opened at $157.08 on Monday. The company has a market capitalization of $46.74 billion, a P/E ratio of 44.00 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 52-week low of $108.45 and a 52-week high of $167.56. The business has a 50-day simple moving average of $159.40 and a two-hundred day simple moving average of $141.72.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to the consensus estimate 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. Research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CBRE Group in a research report on Wednesday, October 8th. Morgan Stanley boosted their target price on CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Evercore ISI boosted 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. Finally, Keefe, Bruyette & Woods boosted their target price on CBRE Group from $167.00 to $168.00 and gave the company a "market perform" rating in a research report on Thursday, October 9th. Eight 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, the company currently has an average rating of "Moderate Buy" and an average target price of $170.78.

CBRE Group 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.

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.