CBRE Group, Inc. $CBRE Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its position in CBRE Group by 3.4%, owning 76,954 shares valued at approximately $10.06 million as of their latest SEC filing.
• Several hedge funds significantly increased their stakes in CBRE Group, with Massachusetts Financial Services boosting its holding by 217.4% during the first quarter.
• Analysts have upgraded CBRE Group's rating to "buy" and raised their price targets, with a consensus rating of "Moderate Buy" and an average price target of $165.22.

MetLife Investment Management LLC cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,954 shares of the financial services provider's stock after selling 2,749 shares during the period. MetLife Investment Management LLC's holdings in CBRE Group were worth $10,064,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CBRE. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group during the 4th quarter valued at $28,000. Hughes Financial Services LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at $28,000. Golden State Wealth Management LLC lifted its holdings in shares of CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 213 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent research reports. UBS Group lifted their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI lifted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. JPMorgan Chase & Co. lifted their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Raymond James Financial lifted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Stock Down 0.0%

CBRE stock traded down $0.01 during trading on Monday, reaching $161.98. The stock had a trading volume of 1,399,012 shares, compared to its average volume of 1,518,471. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $165.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $48.20 billion, a P/E ratio of 45.37 and a beta of 1.36. The firm has a fifty day moving average price of $149.51 and a 200 day moving average price of $135.58.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. 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 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the sale, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock worth $1,338,073 in the last quarter. 0.42% of the stock is owned by corporate 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.