Canada Pension Plan Investment Board Sells 623,470 Shares of CBRE Group, Inc. $CBRE

Canada Pension Plan Investment Board decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 47.8% during the first quarter, Holdings Channel reports. The fund owned 681,405 shares of the financial services provider’s stock after selling 623,470 shares during the period. Canada Pension Plan Investment Board’s holdings in CBRE Group were worth $89,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Valeo Financial Advisors LLC increased its position in CBRE Group by 4.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock worth $290,000 after buying an additional 85 shares in the last quarter. Beverly Hills Private Wealth LLC increased its position in CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock worth $663,000 after buying an additional 93 shares in the last quarter. Verdence Capital Advisors LLC increased its position in CBRE Group by 1.3% in the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock worth $1,064,000 after buying an additional 102 shares in the last quarter. Legacy Advisors LLC increased its position in CBRE Group by 6.4% in the first quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider’s stock worth $234,000 after buying an additional 108 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in CBRE Group by 5.1% in the first quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider’s stock worth $293,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods increased their target price on CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Finally, Raymond James Financial increased their target price on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.22.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 directly owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,926 shares of company stock valued at $1,338,073. Insiders own 0.42% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $161.98 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $165.41. The stock has a 50-day moving average price of $149.51 and a 200 day moving average price of $135.67. The stock has a market capitalization of $48.20 billion, a P/E ratio of 45.37 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

CBRE Group 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.