Bessemer Group Inc. Has $159.32 Million Holdings in CBRE Group, Inc. $CBRE

Bessemer Group Inc. cut its position in CBRE Group, Inc. (NYSE:CBRE) by 0.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,137,014 shares of the financial services provider’s stock after selling 7,286 shares during the quarter. Bessemer Group Inc.’s holdings in CBRE Group were worth $159,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its position in 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 valued at $266,000 after buying an additional 76 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in 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 valued at $290,000 after buying an additional 85 shares in the last quarter. NorthRock Partners LLC boosted its position in CBRE Group by 1.8% in the second quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock valued at $695,000 after buying an additional 90 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of CBRE Group by 1.9% during 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 in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of CBRE Group by 1.3% during 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 in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Down 0.6%

Shares of NYSE:CBRE opened at $163.28 on Monday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $48.58 billion, a PE ratio of 40.32 and a beta of 1.36. The company has a 50 day moving average price of $159.91 and a two-hundred day moving average price of $143.32.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction 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 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. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of research reports. Evercore ISI upped their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Morgan Stanley upped their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Raymond James Financial upped their target price 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. JPMorgan Chase & Co. boosted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Finally, UBS Group boosted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.89.

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.