Caxton Associates LLP Buys Shares of 12,571 CBRE Group, Inc. $CBRE

Key Points

• Caxton Associates LLP acquired a new stake in CBRE Group, purchasing 12,571 shares valued at approximately $1.64 million in the first quarter.
• Insider activities include CFO Emma E. Giamartino selling 2,000 shares, reducing their ownership by 1.90%, while insiders collectively sold 8,926 shares worth over $1.33 million in the past ninety days.
• Analysts are positive on CBRE Group, with multiple firms raising price targets, and the stock currently holds an average rating of "Moderate Buy" with a price target of $165.22.

Caxton Associates LLP bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,571 shares of the financial services provider's stock, valued at approximately $1,644,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fred Alger Management LLC increased its position in shares of CBRE Group by 35.3% during the first quarter. Fred Alger Management LLC now owns 82,909 shares of the financial services provider's stock worth $10,843,000 after acquiring an additional 21,619 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in CBRE Group by 11.1% in the first quarter. Ashton Thomas Private Wealth LLC now owns 6,149 shares of the financial services provider's stock valued at $804,000 after buying an additional 616 shares during the last quarter. Untitled Investments LP increased its holdings in CBRE Group by 130.9% in the first quarter. Untitled Investments LP now owns 236,230 shares of the financial services provider's stock valued at $30,894,000 after buying an additional 133,905 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in CBRE Group by 2.7% in the first quarter. UniSuper Management Pty Ltd now owns 26,553 shares of the financial services provider's stock valued at $3,473,000 after buying an additional 700 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CBRE Group by 0.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,887 shares of the financial services provider's stock valued at $7,178,000 after buying an additional 446 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. This represents a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on 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 owned 103,371 shares of the company's stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,926 shares of company stock worth $1,338,073. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several research analyst reports. 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 report on Tuesday, August 26th. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial boosted 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. Evercore ISI increased their price objective on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Price Performance

CBRE traded down $2.02 during trading on Friday, reaching $163.88. The stock had a trading volume of 915,626 shares, compared to its average volume of 1,441,056. The firm has a market capitalization of $48.76 billion, a price-to-earnings ratio of 45.91 and a beta of 1.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The stock has a 50 day moving average of $153.99 and a two-hundred day moving average of $137.09.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The firm had revenue of $9.75 billion during 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.

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.