Focus Partners Advisor Solutions LLC Sells 220 Shares of CBRE Group, Inc. $CBRE

Focus Partners Advisor Solutions LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,871 shares of the financial services provider’s stock after selling 220 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in CBRE Group were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division grew its holdings in CBRE Group by 4.2% during the 2nd quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 76 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in CBRE Group by 4.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 85 shares during the last quarter. NorthRock Partners LLC grew its holdings in CBRE Group by 1.8% during the 2nd quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 90 shares during the last quarter. Beverly Hills Private Wealth LLC grew its holdings in CBRE Group by 1.9% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 93 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in CBRE Group by 1.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock worth $1,064,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $152.99 on Friday. The company has a market capitalization of $45.53 billion, a price-to-earnings ratio of 37.78 and a beta of 1.36. The firm’s 50 day simple moving average is $159.69 and its 200 day simple moving average is $144.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The business had revenue of $10.26 billion for 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%. CBRE Group’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CBRE. UBS Group increased their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. JPMorgan Chase & Co. upped their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. 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. Finally, 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. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.89.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the 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 sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.42% of the company’s stock.

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.