Atlantic Edge Private Wealth Management LLC Lowers Stock Holdings in CBRE Group, Inc. $CBRE

Atlantic Edge Private Wealth Management LLC lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,136 shares of the financial services provider’s stock after selling 4,455 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in CBRE Group were worth $1,560,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock valued at $511,781,000 after buying an additional 2,680,337 shares during the last quarter. Nuveen LLC bought a new stake in CBRE Group in the 1st quarter worth approximately $214,283,000. JPMorgan Chase & Co. boosted its position in shares of CBRE Group by 24.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after acquiring an additional 738,704 shares during the last quarter. Invesco Ltd. boosted its position in shares of CBRE Group by 6.6% during the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after acquiring an additional 397,818 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 4.8% in 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 purchasing an additional 368,214 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CBRE. Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Evercore ISI upped their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $170.78.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $159.91 on Tuesday. The company has a market capitalization of $47.58 billion, a price-to-earnings ratio of 44.79 and a beta of 1.36. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56. The firm’s 50-day moving average is $159.53 and its 200 day moving average is $142.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at $17,267,167.70. The trade was a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,494 shares of company stock worth $857,593. Insiders own 0.42% of the company’s stock.

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.