Chevy Chase Trust Holdings LLC Buys 85 Shares of CBRE Group, Inc. $CBRE

Chevy Chase Trust Holdings LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,126 shares of the financial services provider’s stock after purchasing an additional 85 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in CBRE Group were worth $21,736,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Moody National Bank Trust Division increased its position in shares of CBRE Group by 4.2% in the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 76 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of CBRE Group by 4.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 85 shares during the last quarter. NorthRock Partners LLC increased its position in shares of CBRE Group by 1.8% in the second quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 90 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in shares of CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 93 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of CBRE Group by 1.3% in the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock worth $1,064,000 after purchasing an additional 102 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the firm’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 transaction, the chief accounting officer owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s 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 transaction, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE stock opened at $157.08 on Friday. The stock has a fifty day moving average of $159.40 and a 200 day moving average of $141.60. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. The firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of 44.00 and a beta of 1.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results 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. The company had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. UBS Group increased their price target on shares of CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. increased 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. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.78.

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.