Sumitomo Mitsui Trust Group Inc. Sells 47,672 Shares of CBRE Group, Inc. $CBRE

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 712,498 shares of the financial services provider’s stock after selling 47,672 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of CBRE Group worth $99,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Moody National Bank Trust Division raised its stake in shares of CBRE Group by 4.2% during the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 76 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of CBRE Group by 4.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 85 shares during the last quarter. NorthRock Partners LLC raised its position in CBRE Group by 1.8% in the 2nd quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 90 shares during the period. Beverly Hills Private Wealth LLC raised its position in CBRE Group by 1.9% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 93 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake 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 purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 0.6%

CBRE opened at $163.28 on Friday. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $159.91 and a two-hundred day simple moving average of $143.17. The firm has a market capitalization of $48.58 billion, a price-to-earnings ratio of 40.32 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data 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 firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same period last year, the company earned $1.20 EPS. The business’s quarterly revenue 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. Analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI raised their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Morgan Stanley lifted their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Raymond James Financial boosted their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Eight investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $171.89.

Insider Buying and Selling

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred 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 owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,494 shares of company stock valued at $857,593 over the last three months. Corporate insiders own 0.42% of the company’s stock.

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.