Free Trial

Mizuho Securities USA LLC Sells 4,842 Shares of CBRE Group, Inc. (NYSE:CBRE)

CBRE Group logo with Finance background

Key Points

  • Mizuho Securities USA LLC reduced its holdings in CBRE Group, Inc. by 17.0%, selling 4,842 shares in the first quarter, leaving them with 23,667 shares valued at approximately $3,095,000.
  • CBRE Group reported earnings of $1.19 per share, exceeding analysts' expectations of $1.05, with quarterly revenue of $9.75 billion against a forecast of $9.50 billion.
  • Several analysts have increased their price targets for CBRE Group, with Raymond James raising it to $166 and Evercore ISI to $164, indicating an overall positive outlook on the stock.
  • Need better tools to track CBRE Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Mizuho Securities USA LLC trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,667 shares of the financial services provider's stock after selling 4,842 shares during the quarter. Mizuho Securities USA LLC's holdings in CBRE Group were worth $3,095,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Sowell Financial Services LLC bought a new stake in shares of CBRE Group in the 1st quarter worth approximately $256,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of CBRE Group by 21.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after purchasing an additional 1,310 shares in the last quarter. USA Financial Formulas bought a new stake in shares of CBRE Group in the 1st quarter worth approximately $1,101,000. Golden State Wealth Management LLC boosted its position in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after purchasing an additional 213 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

NYSE CBRE opened at $155.50 on Monday. The business's fifty day moving average price is $140.69 and its 200-day moving average price is $133.80. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 43.56 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1-year low of $107.54 and a 1-year high of $161.03.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 return on equity of 18.89% and a net margin of 2.86%. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James Financial boosted their price target on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Evercore ISI boosted their price target on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $158.00.

Check Out Our Latest Research Report on CBRE

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the transaction, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at $2,818,340. This represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer directly owned 105,371 shares in the company, valued at $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,898 shares of company stock worth $1,122,558 over the last three months. Insiders own 0.42% of the company's stock.

CBRE Group Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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.

Should You Invest $1,000 in CBRE Group Right Now?

Before you consider CBRE Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CBRE Group wasn't on the list.

While CBRE Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines