CBRE Group, Inc. $CBRE Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,446 shares of the financial services provider’s stock after selling 1,225 shares during the quarter. Metis Global Partners LLC’s holdings in CBRE Group were worth $2,024,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Leavell Investment Management Inc. purchased a new position in CBRE Group in the first quarter worth approximately $222,000. Allworth Financial LP grew its holdings in CBRE Group by 21.2% during the 1st quarter. Allworth Financial LP now owns 771 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 135 shares in the last quarter. Cerity Partners LLC increased its position in shares of CBRE Group by 17.4% in the 1st quarter. Cerity Partners LLC now owns 65,362 shares of the financial services provider’s stock valued at $8,548,000 after purchasing an additional 9,671 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of CBRE Group by 9.0% during the 1st quarter. Ballentine Partners LLC now owns 8,583 shares of the financial services provider’s stock worth $1,122,000 after purchasing an additional 707 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Evercore ISI increased their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. UBS Group upped their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.89.

CBRE Group Stock Up 1.8%

CBRE opened at $152.66 on Monday. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. The firm has a 50 day moving average price of $158.24 and a 200 day moving average price of $145.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $45.43 billion, a PE ratio of 37.69 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. 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 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s 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 transaction, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

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.