Hahn Capital Management LLC Sells 12,173 Shares of CBRE Group, Inc. $CBRE

Hahn Capital Management LLC trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,856 shares of the financial services provider’s stock after selling 12,173 shares during the period. CBRE Group accounts for about 6.5% of Hahn Capital Management LLC’s holdings, making the stock its largest holding. Hahn Capital Management LLC’s holdings in CBRE Group were worth $13,452,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Strs Ohio purchased a new position in CBRE Group in the first quarter valued at approximately $1,416,000. Intrua Financial LLC acquired a new stake in CBRE Group during the 1st quarter worth $238,000. Jacobi Capital Management LLC raised its stake in CBRE Group by 6.5% during the 1st quarter. Jacobi Capital Management LLC now owns 7,069 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 433 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in CBRE Group in the first quarter valued at $237,000. Finally, Acadian Asset Management LLC boosted its stake in CBRE Group by 183.7% in the first quarter. Acadian Asset Management LLC now owns 141,403 shares of the financial services provider’s stock valued at $18,492,000 after acquiring an additional 91,559 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CBRE. 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 research report on Thursday, June 12th. JPMorgan Chase & Co. boosted their price objective on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. UBS Group raised their target price on shares of 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 shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Evercore ISI boosted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Seven 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.com, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $165.22.

CBRE Group Stock Performance

CBRE opened at $165.98 on Friday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The stock has a market cap of $49.39 billion, a P/E ratio of 46.49 and a beta of 1.36. The stock’s 50 day simple moving average is $153.56 and its 200 day simple moving average is $136.96. 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 posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction dated 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 $17,267,167.70. This trade represents a 0.89% 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 in the last three months. Corporate insiders own 0.42% of the company’s stock.

CBRE Group Company 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.