Strs Ohio Has $996,000 Holdings in CBRE Group, Inc. $CBRE

Strs Ohio decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 34.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,107 shares of the financial services provider’s stock after selling 3,717 shares during the period. Strs Ohio’s holdings in CBRE Group were worth $996,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CBRE. LPL Financial LLC grew its holdings in CBRE Group by 31.4% in the first quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock worth $12,005,000 after purchasing an additional 21,934 shares during the period. Advisors Capital Management LLC bought a new position in shares of CBRE Group during the 1st quarter worth about $237,000. Smith Salley Wealth Management boosted its position in shares of CBRE Group by 64.0% during the 2nd quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock worth $597,000 after purchasing an additional 1,664 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of CBRE Group by 98.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 3,276 shares of the financial services provider’s stock valued at $459,000 after buying an additional 1,624 shares during the period. Finally, Cresset Asset Management LLC increased its position in CBRE Group by 5.8% in the 1st quarter. Cresset Asset Management LLC now owns 3,422 shares of the financial services provider’s stock valued at $448,000 after buying an additional 187 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.1%

CBRE stock opened at $150.19 on Friday. The firm has a market capitalization of $44.69 billion, a PE ratio of 37.08 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00. The stock’s 50 day moving average is $158.43 and its 200-day moving average is $145.37.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. upped their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. UBS Group increased their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.89.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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 transaction, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Corporate 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.