CBRE Group, Inc. $CBRE Shares Sold by Twin Tree Management LP

Key Points

• Twin Tree Management LP significantly reduced its stake in CBRE Group, Inc. by 83.8%, selling 57,471 shares to own just 11,135 shares, valued at approximately $1.456 million.
• Multiple institutional investors, including Vident Advisory LLC and State of Wyoming, have increased their positions in CBRE Group, indicating positive investor sentiment, with 98.41% of the stock owned by these investors.
• CBRE Group's stock remains on analysts' watch lists, with target prices set as high as $185.00 by Evercore ISI, reflecting a consensus rating of "Moderate Buy."

Twin Tree Management LP trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 83.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,135 shares of the financial services provider's stock after selling 57,471 shares during the quarter. Twin Tree Management LP's holdings in CBRE Group were worth $1,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new position in CBRE Group in the 1st quarter valued at about $256,000. Cambridge Investment Research Advisors Inc. increased its position in shares of CBRE Group by 21.5% during 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 acquiring an additional 1,310 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of CBRE Group during the first quarter valued at about $1,101,000. Golden State Wealth Management LLC increased its position in shares of 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 valued at $32,000 after acquiring an additional 213 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of CBRE Group by 4.8% during 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 acquiring an additional 368,214 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CBRE shares. JPMorgan Chase & Co. lifted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Evercore ISI lifted their price objective on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. UBS Group lifted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Raymond James Financial increased their price target on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Stock Up 1.7%

Shares of CBRE Group stock traded up $2.68 on Friday, reaching $164.37. 1,285,140 shares of the company were exchanged, compared to its average volume of 1,436,419. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $165.41. The company has a market cap of $48.91 billion, a P/E ratio of 46.04 and a beta of 1.36. 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 moving average price is $151.81 and its 200-day moving average price is $136.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced 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 return on equity of 18.89% and a net margin of 2.86%.The business 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, equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction 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 trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the chief accounting officer directly owned 20,131 shares of the company's stock, valued at approximately $2,818,340. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is currently 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.