Johnson Financial Group Inc. Sells 1,288 Shares of CBRE Group, Inc. $CBRE

Johnson Financial Group Inc. lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,832 shares of the financial services provider’s stock after selling 1,288 shares during the quarter. Johnson Financial Group Inc.’s holdings in CBRE Group were worth $2,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in CBRE Group during the second quarter valued at about $224,000. Elevation Point Wealth Partners LLC bought a new position in shares of CBRE Group during the 2nd quarter valued at about $157,000. Quadrant Capital Group LLC raised its holdings in shares of CBRE Group by 4.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 8,859 shares of the financial services provider’s stock valued at $1,241,000 after buying an additional 390 shares in the last quarter. Vinva Investment Management Ltd raised its holdings in shares of CBRE Group by 39.9% during the 2nd quarter. Vinva Investment Management Ltd now owns 183,691 shares of the financial services provider’s stock valued at $25,603,000 after buying an additional 52,350 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in CBRE Group in the 2nd quarter worth approximately $195,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent research reports. Morgan Stanley increased their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.38.

CBRE Group Trading Up 0.0%

Shares of CBRE opened at $162.29 on Thursday. The stock has a market capitalization of $48.30 billion, a P/E ratio of 40.07 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $156.12 and a two-hundred day simple moving average of $148.64.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.