CBRE Group, Inc. $CBRE Shares Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lifted its position in CBRE Group, Inc. (NYSE:CBRE) by 53.9% in the second quarter, Holdings Channel reports. The firm owned 9,625 shares of the financial services provider’s stock after acquiring an additional 3,370 shares during the period. Central Pacific Bank Trust Division’s holdings in CBRE Group were worth $1,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CBRE. Valeo Financial Advisors LLC grew its holdings in shares of 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 acquiring an additional 85 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in shares of 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 acquiring an additional 93 shares during the period. Verdence Capital Advisors LLC grew its holdings in CBRE Group by 1.3% during 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 buying an additional 102 shares during the last quarter. Legacy Advisors LLC grew its holdings in CBRE Group by 6.4% during the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider’s stock valued at $234,000 after buying an additional 108 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in CBRE Group by 5.1% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider’s stock valued at $293,000 after buying an additional 108 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Price Performance

CBRE stock opened at $163.88 on Friday. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The stock’s fifty day simple moving average is $153.99 and its 200-day simple moving average is $137.13. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of 45.91 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CBRE shares. Raymond James Financial increased their target price on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Morgan Stanley reiterated an “overweight” rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Evercore ISI increased their target price on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.22.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the transaction, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock worth $1,338,073 over the last quarter. 0.42% of the stock is currently owned by insiders.

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.