Truist Financial Corp Has $55.73 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Truist Financial Corp reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 11.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 598,642 shares of the financial services provider’s stock after selling 80,869 shares during the quarter. Truist Financial Corp owned approximately 0.20% of CBRE Group worth $55,728,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Syon Capital LLC lifted its holdings in shares of CBRE Group by 37.8% during the fourth quarter. Syon Capital LLC now owns 5,548 shares of the financial services provider’s stock worth $516,000 after buying an additional 1,521 shares during the last quarter. Bailard Inc. grew its holdings in shares of CBRE Group by 13.1% during the fourth quarter. Bailard Inc. now owns 8,186 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 948 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of CBRE Group by 4.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 337 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of CBRE Group during the fourth quarter worth $158,000. Finally, RWA Wealth Partners LLC bought a new stake in shares of CBRE Group during the fourth quarter worth $213,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBRE has been the topic of several research analyst reports. Evercore ISI increased their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Finally, Raymond James increased their target price on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $99.50.

CBRE Group Trading Up 0.4 %

NYSE:CBRE opened at $87.33 on Friday. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 27.55 and a beta of 1.42. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $92.13 and its two-hundred day moving average price is $85.39. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. On average, equities analysts expect that CBRE Group, Inc. will post 4.45 earnings per share for the current year.

Insider Transactions at CBRE Group

In other news, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 over the last 90 days. 0.54% of the stock is owned by company insiders.

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.