Mainstream Capital Management LLC Trims Position in CBRE Group, Inc. $CBRE

Mainstream Capital Management LLC lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,728 shares of the financial services provider’s stock after selling 117 shares during the period. Mainstream Capital Management LLC’s holdings in CBRE Group were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CBRE. WPG Advisers LLC purchased a new position in CBRE Group during the first quarter worth about $26,000. Hughes Financial Services LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its position in shares of CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after buying an additional 213 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock valued at $37,000 after buying an additional 266 shares during the period. Finally, Quarry LP raised its position in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,494 shares of company stock valued at $857,593. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research analyst reports. UBS Group lifted their target price on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective 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. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Finally, Evercore ISI boosted their price target 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. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.22.

CBRE Group Trading Up 0.3%

CBRE opened at $163.16 on Wednesday. The business has a fifty day moving average price of $157.31 and a 200 day moving average price of $138.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56. The stock has a market capitalization of $48.55 billion, a price-to-earnings ratio of 45.70 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect 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.