CBRE Group, Inc. $CBRE Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,949 shares of the financial services provider’s stock after selling 78 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in CBRE Group were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Reliant Investment Management LLC lifted its holdings in shares of CBRE Group by 4.8% during the 2nd quarter. Reliant Investment Management LLC now owns 49,483 shares of the financial services provider’s stock valued at $6,934,000 after acquiring an additional 2,250 shares in the last quarter. OLD Point Trust & Financial Services N A boosted its position in CBRE Group by 12.9% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 4,383 shares of the financial services provider’s stock valued at $614,000 after buying an additional 500 shares during the last quarter. Forum Financial Management LP increased its position in shares of CBRE Group by 8.0% during the second quarter. Forum Financial Management LP now owns 4,219 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 311 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of CBRE Group by 5.5% in the second quarter. Rehmann Capital Advisory Group now owns 6,510 shares of the financial services provider’s stock worth $912,000 after acquiring an additional 341 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its holdings in CBRE Group by 3.0% in the second quarter. Cookson Peirce & Co. Inc. now owns 7,655 shares of the financial services provider’s stock valued at $1,073,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CBRE shares. Raymond James Financial upped their target price on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Friday. 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 note on Monday, August 25th. Finally, Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the company’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 completion of the transaction, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’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 value of $315,200.00. Following the transaction, the chief financial officer directly 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. Over the last ninety days, insiders sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is currently owned by insiders.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $163.28 on Monday. The company has a market cap of $48.58 billion, a PE ratio of 40.32 and a beta of 1.36. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The firm has a 50-day simple moving average of $159.91 and a 200 day simple moving average of $143.32. 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 issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.CBRE Group’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current 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.