Shayne & Jacobs LLC Sells 125 Shares of CBRE Group, Inc. $CBRE

Shayne & Jacobs LLC lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,861 shares of the financial services provider’s stock after selling 125 shares during the period. CBRE Group comprises 1.6% of Shayne & Jacobs LLC’s holdings, making the stock its 11th largest position. Shayne & Jacobs LLC’s holdings in CBRE Group were worth $4,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBRE. Massachusetts Financial Services Co. MA lifted its position in CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock valued at $511,781,000 after purchasing an additional 2,680,337 shares during the last quarter. Nuveen LLC purchased a new stake in CBRE Group in the 1st quarter worth approximately $214,283,000. JPMorgan Chase & Co. lifted its holdings in CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after buying an additional 738,704 shares during the period. Invesco Ltd. lifted its holdings in CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock worth $837,938,000 after buying an additional 397,818 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock worth $1,042,317,000 after buying an additional 368,214 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several research analyst reports. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Raymond James Financial increased their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Morgan Stanley increased their price objective on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday. Finally, UBS Group raised their target price on CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $170.78.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction 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 transaction, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is owned by insiders.

CBRE Group Trading Down 1.3%

CBRE opened at $150.44 on Friday. The stock has a market cap of $44.76 billion, a PE ratio of 42.14 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 0.51. The business has a 50 day moving average of $159.43 and a 200-day moving average of $140.70. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.