DoubleLine ETF Adviser LP Sells 4,069 Shares of CBRE Group, Inc. $CBRE

Key Points

• DoubleLine ETF Adviser LP reduced its stake in CBRE Group, Inc. by 18.6%, selling 4,069 shares and now holds 17,834 shares valued at approximately $2.33 million.
• Securities analysts have raised their price targets for CBRE Group, with Evercore ISI increasing its target from $164.00 to $185.00 and a consensus rating of "Moderate Buy" with an average target price of $165.22.
• Insider activity includes CFO Emma E. Giamartino selling 2,000 shares and CEO Vikramaditya Kohli selling 1,000 shares, reflecting a slight decrease in their respective ownership stakes.

DoubleLine ETF Adviser LP lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 18.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,834 shares of the financial services provider's stock after selling 4,069 shares during the quarter. DoubleLine ETF Adviser LP's holdings in CBRE Group were worth $2,332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Valeo Financial Advisors LLC lifted its position in CBRE Group by 4.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after acquiring an additional 85 shares in the last quarter. Beverly Hills Private Wealth LLC grew its stake in CBRE Group by 1.9% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after buying an additional 93 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in CBRE Group by 1.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock valued at $1,064,000 after purchasing an additional 102 shares during the period. Legacy Advisors LLC lifted its holdings in shares of CBRE Group by 6.4% during the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock worth $234,000 after acquiring an additional 108 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in CBRE Group by 5.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock worth $293,000 after purchasing an additional 108 shares during the period. Institutional investors own 98.41% of the company's stock.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of CBRE Group stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the sale, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,926 shares of company stock worth $1,338,073. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Down 0.7%

Shares of NYSE:CBRE traded down $1.12 during trading on Tuesday, reaching $162.41. 609,188 shares of the stock traded hands, compared to its average volume of 1,793,059. The stock has a 50-day moving average of $152.28 and a two-hundred day moving average of $136.40. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $165.41. 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 stock has a market cap of $48.32 billion, a P/E ratio of 45.49 and a beta of 1.36.

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

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial boosted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, UBS Group boosted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $165.22.

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.