Fifth Third Bancorp Decreases Stake in CBRE Group, Inc. $CBRE

Key Points

• Fifth Third Bancorp cut its stake in CBRE Group, Inc. by 7.1%, resulting in ownership of 52,515 shares worth approximately $7.36 million.
• Analysts have generally rated CBRE with a consensus of "Moderate Buy," with price targets ranging from $146.00 to $185.00.
• CBRE Group reported strong earnings of $1.19 EPS for the last quarter, surpassing expectations and setting FY 2025 guidance at 6.100-6.200 EPS.

Fifth Third Bancorp decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,515 shares of the financial services provider's stock after selling 4,023 shares during the quarter. Fifth Third Bancorp's holdings in CBRE Group were worth $7,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in CBRE Group during the first quarter worth approximately $26,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group during the first quarter valued at about $28,000. Golden State Wealth Management LLC increased its holdings 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 purchasing an additional 213 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares during the period. Finally, Quarry LP boosted its position in shares of CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider's stock worth $39,000 after buying an additional 147 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial raised their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. UBS Group raised their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Price Performance

Shares of CBRE opened at $156.34 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The stock has a market cap of $46.52 billion, a PE ratio of 43.79 and a beta of 1.36. The firm has a fifty day moving average price of $158.03 and a 200 day moving average price of $138.70.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 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 for the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This 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 5,494 shares of company stock worth $857,593 in the last 90 days. 0.42% of the stock is owned by insiders.

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.

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