Grantham Mayo Van Otterloo & Co. LLC, a prominent financial services provider, has disclosed that it has reduced its stake in CBRE Group, Inc. during the first quarter of this year. According to its filing with the Securities and Exchange Commission (SEC), the firm sold 109,300 shares of CBRE Group, representing a decrease of 21.4% in their holdings. As a result, Grantham Mayo Van Otterloo & Co. LLC now owns approximately 400,466 shares of CBRE Group’s stock, which is valued at $29,158,000 at the end of the most recent quarter.
In addition to this development, CAO Lindsey S. Caplan has also recently sold some shares of CBRE Group stock. On August 2nd, Caplan sold 1,305 shares at an average price of $83.08 per share amounting to a total transaction value of $108,419.40. Following this sale, Caplan currently holds 17,215 shares of the company’s stock worth around $1,430,222.20.
Furthermore, Director Brandon B. Boze has made a significant sale in CBRE Group’s stock as well. On August 1st, Boze sold 3,4000 hastotal transaction value director.disposingof usual operations continues.soualifiedvalued director company following SEC website.Caplan occurred Completelyaweighed.”
It is important to note that these transactions were officially reported through filings with the SEC and can be accessed by interested parties for further details.
In summary, insider selling activity within CBRE group has been notable over the past quarter with Grantham Mayo Van Otterloo & Co. LLC reducing their stake and executives such as CAO Lindsey S. Caplan and Director Brandon B. Boze selling significant amounts of company stock. It remains to be seen how these transactions will affect CBRE Group’s future performance and market dynamics.
Hedge Funds and Institutional Investors Increase Stakes in CBRE Group, Inc. (NYSE:CBRE)
CBRE Group, Inc. (NYSE:CBRE) has attracted the attention of several hedge funds and institutional investors, who have recently adjusted their stakes in the company. One notable investor, Harris Associates L P, increased its position in CBRE Group by 11.2% during the fourth quarter of last year. With the acquisition of an additional 1,378,650 shares, Harris Associates now owns a total of 13,661,270 shares valued at $1,051,371,000.
Another investor that has added to its stake in CBRE Group is Geode Capital Management LLC. During the same period as Harris Associates’ investment surge, Geode Capital Management purchased an extra 34,736 shares and currently holds a total of 7,040,829 shares valued at $540,952,000.
Franklin Resources Inc., too, grew its position in CBRE Group by 28.3% during the fourth quarter. The firm acquired another 1,198,800 shares and now owns a total of 5,439,357 shares valued at $418,6130.
Bank of America Corp DE expanded its position in CBRE Group by 1.5% during the same period and added an extra 64.283 shares to bring their ownership up to a grand total of 4,a333169 shares valued at $333,-4810e6.
Lastly,JPMorgan Chase & Co., increased its position in CBRE Group by acquiring an additional54;0180shareseof stock valueedat $3307million.dJPMCorgan Chase nowotholds wtotal proceeds4e289732 tothe ($9uano CA855empleente.sd96),71orgmat%ofeownstheetttockdatishinownedby onheinshtorts.eTanchAhaptunderdewenovaestorsrchaseourres holdsseholdingsesinrCBRIEeSharesupGbyifferent thisgonentity. Butllomcci.solAFinalsught,h accordingas toisewvellurm-renewedstof,’investigatwctGre isstorrehecmpote stomp.
To shed some light on analyst perspectives, StockNews.com issued a “hold” rating on CBRE Group following their coverage initiation report on August 17th. The price objective set by Evercore ISI in their report dated June 23rd was lowered from $85.00 to $84.00. Additionally, Raymond James reduced their price objective from $102.00 to $100.00 and labeled the stock as “strong-buy” in their report on July 28th.
The company’s strong performance in the market is evident, with CBRE trading up $0.59 during Friday’s trading session and reaching a record high of $85.64. Despite this positive growth, the company’s average trading volume for the day was significantly lower than its average volume of 1,644,520 shares, with only 317,659 shares exchanging hands.
CBRE Group currently boasts a quick ratio of 1.16 and a current ratio of 1.16, indicating its ability to meet short-term obligations efficiently. Furthermore, the company maintains a debt-to-equity ratio of 0.23—a healthy sign of financial stability.
Analyzing CBRE Group’s past performance reveals that it has experienced significant fluctuations in its stock value over the last year. It hit a low of $66.31 and reached an all-time high of $89.58 during this period.
When examining its earnings results for the second quarter ended July 27th of this year, CBRE Group reported earnings per share (EPS) of $0.82—an impressive beat over analysts’ consensus estimates of $0.
77 by $0..05 The firm generated $7.72 billion in revenue for the quarter, surpassing analyst estimates of $7.30 billion. However, CBRE Group experienced a decline in revenue of 0.7% compared to the same period last year, which is reflected in the company’s net margin of 2.74%. Despite these metrics, analysts are confident that CBRE Group will post an EPS of 4.39 for this fiscal year.
As CBRE Group continues to attract the interest of notable investors and receive favorable coverage from analysts, its position in the market remains promising. With solid financials and strong earnings performance, it is likely that CBRE Group will continue to capitalize on opportunities within the financial services sector.