Kayne Anderson Rudnick Investment Management LLC Sells 3,240 Shares of CBRE Group, Inc. $CBRE

Key Points

• Kayne Anderson Rudnick Investment Management LLC has sold 3,240 shares of CBRE Group, Inc., reducing its holdings by 10.7%, bringing its total shares owned to 26,979, worth approximately $3.5 million.
• Insider selling activity has been noted with CEO Vikramaditya Kohli and CFO Emma E. Giamartino selling shares, indicating a decrease in their ownership stakes of 0.89% and 1.90%, respectively.
• Several analysts have upgraded their ratings and price targets for CBRE Group, with an average consensus rating of "Moderate Buy" and a price target of $160.33.

Kayne Anderson Rudnick Investment Management LLC reduced its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,979 shares of the financial services provider's stock after selling 3,240 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in CBRE Group were worth $3,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRE. Brighton Jones LLC lifted its holdings in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after purchasing an additional 11,065 shares during the last quarter. IHT Wealth Management LLC bought a new position in shares of CBRE Group in the fourth quarter worth about $201,000. Integrated Wealth Concepts LLC increased its stake in shares of CBRE Group by 99.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,343 shares of the financial services provider's stock worth $439,000 after purchasing an additional 1,669 shares during the period. Northern Trust Corp increased its stake in shares of CBRE Group by 12.6% in the fourth quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock worth $497,525,000 after purchasing an additional 424,663 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of CBRE Group by 7.7% in the fourth quarter. Lido Advisors LLC now owns 8,035 shares of the financial services provider's stock worth $1,055,000 after purchasing an additional 577 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective 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 raised their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price target on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, Raymond James Financial raised their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Price Performance

Shares of CBRE traded down $0.01 during mid-day trading on Friday, reaching $161.98. The company had a trading volume of 1,399,012 shares, compared to its average volume of 1,540,108. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $165.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The company's 50-day moving average is $149.51 and its 200-day moving average is $135.64. The company has a market capitalization of $48.20 billion, a P/E ratio of 45.37 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate 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. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is currently owned by insiders.

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.