Park Avenue Securities LLC Sells 1,749 Shares of CBRE Group, Inc. $CBRE

Key Points

• Park Avenue Securities LLC reduced its stake in CBRE Group, Inc. by 5.6%, selling 1,749 shares and now holds 29,329 shares valued at approximately $4.1 million.
• Insiders, including the CAO and CEO, sold a total of 5,494 shares of company stock in recent months, indicating a decrease in their ownership.
• Analysts have recently boosted their price targets for CBRE Group, with the average target now set at $165.22 and a consensus rating of "Moderate Buy".

Park Avenue Securities LLC lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,329 shares of the financial services provider's stock after selling 1,749 shares during the period. Park Avenue Securities LLC's holdings in CBRE Group were worth $4,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in CBRE Group during the first quarter worth about $26,000. Hughes Financial Services LLC acquired a new position in CBRE Group during the first quarter worth approximately $28,000. Golden State Wealth Management LLC increased its position in 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 buying an additional 213 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after buying an additional 266 shares during the last quarter. Finally, Quarry LP increased its position in CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider's stock worth $39,000 after buying an additional 147 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was 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 directly owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, the chief executive officer owned 111,473 shares of the company's stock, valued at $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,494 shares of company stock worth $857,593 over the last three months. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

CBRE has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on 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 reissued an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, Raymond James Financial upped their target price on CBRE Group from $163.00 to $166.00 and gave the company 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $165.22.

CBRE Group Stock Down 0.9%

NYSE CBRE opened at $162.69 on Tuesday. The business has a fifty day moving average price of $156.78 and a two-hundred day moving average price of $138.18. 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 fifty-two week low of $108.45 and a fifty-two week high of $167.56. The stock has a market capitalization of $48.41 billion, a PE ratio of 45.57 and a beta of 1.36.

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

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.

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