Menora Mivtachim Holdings LTD. Sells 200,000 Shares of CBRE Group, Inc. $CBRE

Key Points

• Menora Mivtachim Holdings LTD. reduced its stake in CBRE Group, cutting holdings by 20.5% during the 1st quarter, after selling 200,000 shares.
• Several institutional investors are actively trading CBRE shares, with Golden State Wealth Management increasing its holdings by 687.1% in the same quarter, owning 244 shares worth $32,000 now.
• Analysts have upgraded their ratings for CBRE Group, with a consensus target price of $158.00 and multiple firms assigning buy ratings, indicating positive future performance expectations.

Menora Mivtachim Holdings LTD. lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 20.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 776,726 shares of the financial services provider's stock after selling 200,000 shares during the period. Menora Mivtachim Holdings LTD. owned about 0.26% of CBRE Group worth $101,580,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at CBRE Group

In other CBRE Group news, 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 transaction, the chief executive officer directly owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock worth $1,338,073 over the last three months. Corporate insiders own 0.42% of the company's stock.

CBRE Group Stock Up 0.5%

CBRE traded up $0.8530 during trading on Wednesday, reaching $160.8330. 1,085,135 shares of the stock traded hands, compared to its average volume of 1,808,380. The stock has a market cap of $47.86 billion, a price-to-earnings ratio of 45.05 and a beta of 1.34. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $161.81. 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 stock's 50-day simple moving average is $144.88 and its two-hundred day simple moving average is $134.58.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $9.75 billion during the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research analyst reports. Evercore ISI increased their target price on CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Raymond James Financial increased their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods increased their target price on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 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 company has a consensus rating of "Moderate Buy" and an average price target of $158.00.

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.