Trexquant Investment LP Sells 60,864 Shares of CBRE Group, Inc. $CBRE

Key Points

• Trexquant Investment LP has reduced its stake in CBRE Group, Inc. by 29.8%, now holding 143,111 shares valued at $18.7 million.
• Several institutional investors, including Principal Financial Group and JPMorgan Chase, have increased their positions in CBRE Group during the same period, reflecting growing investor interest.
• Research analysts have raised their price targets for CBRE Group, with a consensus target now at $165.22 and an average rating of "Moderate Buy".

Trexquant Investment LP lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 29.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,111 shares of the financial services provider's stock after selling 60,864 shares during the period. Trexquant Investment LP's holdings in CBRE Group were worth $18,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. Investment Management Corp VA ADV bought a new stake in shares of CBRE Group in the 4th quarter valued at about $28,000. Hughes Financial Services LLC bought a new stake in shares of CBRE Group in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC grew 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 valued at $32,000 after buying an additional 213 shares during the last quarter. Colonial Trust Co SC grew its position in shares of CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after buying an additional 180 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of CBRE Group by 1,400.0% in 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 buying an additional 266 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Down 0.0%

NYSE CBRE traded down $0.01 on Friday, hitting $161.98. 1,399,012 shares of the company were exchanged, compared to its average volume of 1,540,108. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month 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 cap of $48.20 billion, a PE ratio of 45.37 and a beta of 1.34. The stock has a fifty day moving average of $149.51 and a 200-day moving average of $135.58.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the sale, the chief financial officer owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target 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. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Evercore ISI upped their price target on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Raymond James Financial upped their price target on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, UBS Group lifted their price objective on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

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.