Nisa Investment Advisors LLC Sells 2,812 Shares of CBRE Group, Inc. $CBRE

Nisa Investment Advisors LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,556 shares of the financial services provider’s stock after selling 2,812 shares during the period. Nisa Investment Advisors LLC’s holdings in CBRE Group were worth $10,447,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Moody National Bank Trust Division lifted its position in shares of CBRE Group by 4.2% during 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 purchasing an additional 76 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of CBRE Group by 4.0% during the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 85 shares in the last quarter. NorthRock Partners LLC lifted its position in shares of CBRE Group by 1.8% during the second quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock valued at $695,000 after purchasing 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 valued at $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 valued at $1,064,000 after purchasing an additional 102 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

CBRE opened at $161.12 on Tuesday. The company has a market capitalization of $47.95 billion, a price-to-earnings ratio of 39.78 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 0.49. The firm has a 50-day moving average price of $159.98 and a 200-day moving average price of $143.60. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00.

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

Insider Buying and Selling

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the firm’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 value of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’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 transaction of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares of the company’s stock, valued at $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. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CBRE shares. JPMorgan Chase & Co. raised 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. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Raymond James Financial raised their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, Morgan Stanley raised their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.89.

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.