Bank of Montreal Can Sells 46,751 Shares of CBRE Group, Inc. $CBRE

Bank of Montreal Can lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 15.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,834 shares of the financial services provider’s stock after selling 46,751 shares during the period. Bank of Montreal Can’s holdings in CBRE Group were worth $35,847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. WPG Advisers LLC acquired a new stake in shares of CBRE Group in the 1st quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new stake in CBRE Group in the first quarter worth $28,000. Quarry LP boosted its position in shares of CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 147 shares in the last quarter. Accredited Wealth Management LLC boosted 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 worth $43,000 after purchasing an additional 254 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of CBRE Group in the 1st quarter valued at $56,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of CBRE opened at $150.19 on Friday. The stock has a market capitalization of $44.69 billion, a price-to-earnings ratio of 37.08 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The firm has a fifty day simple moving average of $158.43 and a 200 day simple moving average of $145.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

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

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CBRE. UBS Group lifted their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Raymond James Financial lifted their price objective 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 stock an “overweight” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.89.

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.