DekaBank Deutsche Girozentrale Has $58.18 Million Stock Position in CBRE Group, Inc. $CBRE

DekaBank Deutsche Girozentrale reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 416,478 shares of the financial services provider’s stock after selling 8,725 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CBRE Group were worth $58,180,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CBRE. WPG Advisers LLC bought a new position in CBRE Group during the first quarter worth $26,000. Hughes Financial Services LLC acquired a new stake in CBRE Group in the 1st quarter worth $28,000. Golden State Wealth Management LLC increased its holdings in shares of CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 213 shares during the period. Quarry LP increased its holdings in shares of CBRE Group by 97.4% during the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 147 shares during the period. Finally, Accredited Wealth Management LLC raised its position in shares of CBRE Group by 338.7% during the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after buying an additional 254 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

CBRE Group stock opened at $160.96 on Wednesday. The firm has a market capitalization of $47.89 billion, a P/E ratio of 45.09 and a beta of 1.36. The stock has a fifty day moving average price of $159.63 and a two-hundred day moving average price of $142.15. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Raymond James Financial lifted their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. UBS Group boosted their price objective on CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Finally, Evercore ISI boosted their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $170.78.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, 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 can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock worth $857,593 over the last ninety days. 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.