CBRE Group, Inc. $CBRE Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 24.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,646 shares of the financial services provider’s stock after buying an additional 7,976 shares during the quarter. Shell Asset Management Co.’s holdings in CBRE Group were worth $5,695,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Moody National Bank Trust Division grew its stake in CBRE Group by 4.2% during the 2nd quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock worth $266,000 after buying an additional 76 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in CBRE Group by 4.0% in the 1st 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 grew its holdings 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 buying an additional 93 shares in the last quarter. Verdence Capital Advisors LLC increased its position in CBRE Group by 1.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock valued at $1,064,000 after acquiring an additional 102 shares during the period. Finally, Wedmont Private Capital raised its stake in CBRE Group by 2.7% during the 2nd quarter. Wedmont Private Capital now owns 4,138 shares of the financial services provider’s stock valued at $578,000 after acquiring an additional 107 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Keefe, Bruyette & Woods raised their target price 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. Evercore ISI upped 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. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Raymond James Financial upped 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. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $165.22.

CBRE Group Stock Performance

NYSE:CBRE opened at $153.47 on Tuesday. The firm has a market capitalization of $45.66 billion, a PE ratio of 42.99 and a beta of 1.36. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $159.79 and its 200 day simple moving average is $140.30.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the business’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 transaction, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the transaction, the chief accounting officer owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock valued at $857,593 in the last three months. Company insiders own 0.42% of the company’s stock.

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.