Wealth Enhancement Advisory Services LLC Sells 256,105 Shares of CBRE Group, Inc. $CBRE

Key Points

• Wealth Enhancement Advisory Services LLC significantly decreased its stake in CBRE Group, selling 256,105 shares and owning only 25,106 shares thereafter, valued at approximately $3.6 million.
• Insiders, including CAO and CFO, sold 5,494 shares of CBRE Group stock, totaling around $857,593 in the last quarter.
• CBRE Group reported a strong financial performance, with $1.19 EPS for the quarter, surpassing estimates, and set FY 2025 guidance at 6.100-6.200 EPS.

Wealth Enhancement Advisory Services LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 91.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,106 shares of the financial services provider's stock after selling 256,105 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in CBRE Group were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its holdings in CBRE Group by 2.7% during the 2nd quarter. Wedmont Private Capital now owns 4,138 shares of the financial services provider's stock worth $578,000 after purchasing an additional 107 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in CBRE Group during the 2nd quarter worth about $1,743,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CBRE Group by 11.5% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,361 shares of the financial services provider's stock valued at $5,375,000 after acquiring an additional 3,968 shares during the last quarter. Czech National Bank increased its stake in shares of CBRE Group by 5.7% in the 2nd quarter. Czech National Bank now owns 71,778 shares of the financial services provider's stock valued at $10,058,000 after acquiring an additional 3,888 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of CBRE Group by 20.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,701 shares of the financial services provider's stock valued at $238,000 after acquiring an additional 286 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

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 that occurred 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 transaction, the chief accounting officer owned 26,717 shares of the company's stock, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Insiders sold a total of 5,494 shares of company stock valued at $857,593 in the last quarter. 0.42% of the stock is currently owned by insiders.

CBRE Group Price Performance

NYSE CBRE opened at $157.99 on Friday. The business has a 50 day simple moving average of $158.40 and a 200 day simple moving average of $138.92. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $47.01 billion, a price-to-earnings ratio of 44.25 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (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 analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of a number of recent analyst reports. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. 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 note on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Company 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.

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