Focus Partners Advisor Solutions LLC Has $402,000 Stock Position in CBRE Group, Inc. $CBRE

Focus Partners Advisor Solutions LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,871 shares of the financial services provider’s stock after selling 220 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in CBRE Group were worth $402,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. AlphaQuest LLC acquired a new stake in CBRE Group during the 2nd quarter worth approximately $2,575,000. R Squared Ltd grew its stake in shares of CBRE Group by 89.5% during the 2nd quarter. R Squared Ltd now owns 3,089 shares of the financial services provider’s stock worth $433,000 after acquiring an additional 1,459 shares in the last quarter. AlTi Global Inc. bought a new position in shares of CBRE Group during the 2nd quarter worth approximately $278,000. Reliant Investment Management LLC grew its stake 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 worth $6,934,000 after acquiring an additional 2,250 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A grew its stake in shares of CBRE Group by 12.9% during the 2nd quarter. OLD Point Trust & Financial Services N A now owns 4,383 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 500 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE:CBRE opened at $152.99 on Friday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $159.69 and a 200 day simple moving average of $144.22. The stock has a market capitalization of $45.53 billion, a PE ratio of 37.78 and a beta of 1.36.

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, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.11 billion. During the same period last year, the business earned $1.20 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s 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 of the company’s stock, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were 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 $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBRE. Morgan Stanley raised their price target on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI raised their price target 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. UBS Group upped their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $171.89.

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.