First Hawaiian Bank Sells 3,317 Shares of CBRE Group, Inc. $CBRE

Key Points

• First Hawaiian Bank reduced its stake in CBRE Group, Inc. by 12.5%, holding 23,170 shares valued at approximately $3,030,000 after selling 3,317 shares in the first quarter.
• CBRE Group reported a net revenue of $9.75 billion for the most recent quarter, exceeding analysts' consensus estimates, and reported earnings per share (EPS) of $1.19.
• Research firms have raised their price targets for CBRE Group, with JPMorgan Chase & Co. increasing its target from $143.00 to $185.00, indicating a strong market outlook.

First Hawaiian Bank decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,170 shares of the financial services provider's stock after selling 3,317 shares during the period. First Hawaiian Bank's holdings in CBRE Group were worth $3,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in shares of CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after acquiring an additional 2,680,337 shares in the last quarter. Nuveen LLC bought a new position in CBRE Group during the 1st quarter valued at $214,283,000. GAMMA Investing LLC increased its position in shares of CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock valued at $168,896,000 after purchasing an additional 1,285,300 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of CBRE Group by 212.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after buying an additional 741,477 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of CBRE Group by 24.7% in the 1st 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 institutional investors.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was 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 directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The transaction 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 on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer directly owned 111,473 shares in the company, 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 valued at $1,338,073 over the last three months. Company insiders own 0.42% of the company's stock.

Analyst Ratings Changes

CBRE has been the subject of several research reports. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Keefe, Bruyette & Woods lifted their price target on 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 boosted their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Performance

CBRE traded up $1.83 during trading on Wednesday, reaching $164.67. 486,975 shares of the company's stock were exchanged, compared to its average volume of 1,778,355. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $154.90 and a 200 day moving average price of $137.43. The company has a market capitalization of $49.00 billion, a P/E ratio of 46.19 and a beta of 1.36. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its 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 company had revenue of $9.75 billion during 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, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.