CBRE Group, Inc. $CBRE Stake Cut by Dean Capital Management

Key Points

• Dean Capital Management reduced its stake in CBRE Group, Inc. by 22.9%, holding $1.56 million in the company after selling 3,552 shares in the first quarter.
• Institutional investors own a significant 98.41% of CBRE Group's stock, with recent activity including significant increases by firms like Golden State Wealth Management LLC, which grew its position by 687.1%.
• Wall Street analysts are optimistic about CBRE Group, with a consensus average price target of $165.22 and seven analysts rating the stock as a "Buy."

Dean Capital Management cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 22.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,940 shares of the financial services provider's stock after selling 3,552 shares during the period. Dean Capital Management's holdings in CBRE Group were worth $1,562,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Invesco Ltd. boosted its holdings in CBRE Group by 6.6% during the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock worth $837,938,000 after buying an additional 397,818 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after buying an additional 2,680,337 shares in the last quarter. Northern Trust Corp boosted its holdings in CBRE Group by 2.1% during the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider's stock worth $506,158,000 after buying an additional 80,791 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in 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 worth $487,127,000 after buying an additional 738,704 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company'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 completion of the transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company'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 of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock worth $1,338,073 in the last 90 days. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group lifted their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. 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, August 25th. JPMorgan Chase & Co. lifted their price target on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Finally, Raymond James Financial lifted their price target on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Seven investment 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 company has an average rating of "Moderate Buy" and a consensus price target of $165.22.

CBRE Group Trading Up 2.1%

Shares of NYSE:CBRE traded up $3.36 during trading on Thursday, reaching $165.98. 1,621,283 shares of the stock were exchanged, compared to its average volume of 1,442,886. 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 firm has a market cap of $49.39 billion, a price-to-earnings ratio of 46.49 and a beta of 1.36. The firm's 50-day moving average price is $153.56 and its 200 day moving average price is $136.96.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (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 during 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, sell-side analysts anticipate 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.