Envestnet Asset Management Inc. Sells 42,937 Shares of CBRE Group, Inc. $CBRE

Envestnet Asset Management Inc. reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 825,080 shares of the financial services provider’s stock after selling 42,937 shares during the period. Envestnet Asset Management Inc.’s holdings in CBRE Group were worth $115,610,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wealthfront Advisers LLC raised its holdings in CBRE Group by 37.6% during the second quarter. Wealthfront Advisers LLC now owns 23,172 shares of the financial services provider’s stock valued at $3,247,000 after buying an additional 6,336 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in CBRE Group by 9.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 55,030 shares of the financial services provider’s stock valued at $7,711,000 after buying an additional 4,574 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in CBRE Group during the second quarter valued at about $4,253,000. Ingalls & Snyder LLC acquired a new stake in shares of CBRE Group in the second quarter valued at about $283,000. Finally, Brighton Jones LLC grew its position in shares of CBRE Group by 1.8% in the second quarter. Brighton Jones LLC now owns 12,284 shares of the financial services provider’s stock valued at $1,721,000 after purchasing an additional 216 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CBRE shares. JPMorgan Chase & Co. raised their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Raymond James Financial raised their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. UBS Group raised their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Evercore ISI raised their price target on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Stock Down 1.0%

CBRE stock opened at $159.50 on Wednesday. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00. The company has a market cap of $47.47 billion, a PE ratio of 39.38 and a beta of 1.36. The business’s 50-day simple moving average is $159.97 and its 200 day simple moving average is $143.90. 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 released its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share 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 business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same period last year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Transactions 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 transaction of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.42% of the stock is owned by company insiders.

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.