Lbp Am Sa Has $16.76 Million Stock Position in CBRE Group, Inc. $CBRE

Key Points

• Lbp Am Sa decreased its position in CBRE Group, Inc. by 16.1% in the 2nd quarter, holding 119,610 shares valued at approximately $16.76 million after selling 23,021 shares.
• CBRE Group reported $1.19 EPS for the last quarter, surpassing analysts' estimates, and had a net margin of 2.86% with revenue reaching $9.75 billion.
• JPMorgan Chase & Co. recently raised its price target on CBRE shares from $143.00 to $185.00, with a consensus rating of "Moderate Buy" among analysts.

Lbp Am Sa decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,610 shares of the financial services provider's stock after selling 23,021 shares during the period. Lbp Am Sa's holdings in CBRE Group were worth $16,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new position in shares of CBRE Group in the 1st quarter valued at $256,000. Cambridge Investment Research Advisors Inc. increased its position in shares of CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after acquiring an additional 1,310 shares in the last quarter. USA Financial Formulas bought a new stake in shares of CBRE Group during the first quarter worth $1,101,000. Golden State Wealth Management LLC increased its position in shares of CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after acquiring an additional 213 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of CBRE Group by 4.8% during the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after acquiring an additional 368,214 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE stock opened at $157.37 on Wednesday. The stock has a market cap of $46.83 billion, a P/E ratio of 44.08 and a beta of 1.36. 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 has a fifty day moving average price of $159.03 and a two-hundred day moving average price of $139.48. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last announced 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 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, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CBRE shares. JPMorgan Chase & Co. increased their price objective 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. Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. UBS Group increased their price objective 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. Evercore ISI increased their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" 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 stock. Based on data from MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $165.22.

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction dated 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 approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm'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 sale, 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 5,494 shares of company stock worth $857,593 over the last quarter. 0.42% of the stock is currently owned by insiders.

CBRE Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.