SouthState Corp Lowers Stock Position in CBRE Group, Inc. $CBRE

SouthState Corp trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 61.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 512 shares of the financial services provider’s stock after selling 802 shares during the period. SouthState Corp’s holdings in CBRE Group were worth $72,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Andra AP fonden raised its position in CBRE Group by 30.3% in the second quarter. Andra AP fonden now owns 220,100 shares of the financial services provider’s stock worth $30,840,000 after acquiring an additional 51,200 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of CBRE Group by 4.9% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 159,842 shares of the financial services provider’s stock valued at $22,363,000 after purchasing an additional 7,416 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of CBRE Group by 156.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 20,131 shares of the financial services provider’s stock valued at $2,821,000 after purchasing an additional 12,276 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in CBRE Group by 2.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 141,409 shares of the financial services provider’s stock worth $19,814,000 after buying an additional 3,418 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after buying an additional 68 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the business’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 owned 111,473 shares of the company’s stock, valued at $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CBRE shares. UBS Group lifted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Raymond James Financial raised their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. upped their target price on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods lifted their price target on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Eight equities 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 has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group Stock Performance

NYSE CBRE opened at $152.66 on Friday. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The stock has a market cap of $45.43 billion, a price-to-earnings ratio of 37.69 and a beta of 1.39. The business has a fifty day moving average of $158.24 and a 200-day moving average of $145.82. 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 (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. During the same quarter last year, the business posted $1.20 EPS. The firm’s quarterly 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. As a group, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.