1832 Asset Management L.P. Grows Holdings in CBRE Group, Inc. $CBRE

Key Points

• 1832 Asset Management L.P. increased its holdings in CBRE Group by 203.4% during the first quarter, acquiring an additional 116,641 shares, bringing their total to approximately 173,975 shares valued at $22.75 million.
• CBRE Group has reported earnings per share of $1.19, exceeding the consensus estimate of $1.05, alongside a revenue of $9.75 billion in their latest quarterly results.
• Several institutional investors are actively adjusting their positions in CBRE Group, with examples including Compound Planning Inc. increasing holdings by 15.5% and Accredited Wealth Management LLC raising theirs by 338.7% in the first quarter.

1832 Asset Management L.P. grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 203.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,975 shares of the financial services provider's stock after purchasing an additional 116,641 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.06% of CBRE Group worth $22,752,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Compound Planning Inc. grew its position in shares of CBRE Group by 15.5% in the first quarter. Compound Planning Inc. now owns 4,082 shares of the financial services provider's stock valued at $534,000 after purchasing an additional 549 shares during the last quarter. Norinchukin Bank The grew its position in shares of CBRE Group by 13.9% in the first quarter. Norinchukin Bank The now owns 15,553 shares of the financial services provider's stock valued at $2,034,000 after purchasing an additional 1,901 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of CBRE Group by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,278,697 shares of the financial services provider's stock valued at $298,009,000 after purchasing an additional 130,914 shares during the last quarter. Accredited Wealth Management LLC grew its position in shares of CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 254 shares during the last quarter. Finally, Tribune Investment Group LP acquired a new stake in shares of CBRE Group in the first quarter valued at approximately $6,539,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were 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 in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,926 shares of company stock valued at $1,338,073. Company insiders own 0.42% of the company's stock.

CBRE Group Trading Up 0.1%

NYSE:CBRE traded up $0.23 during trading hours on Friday, reaching $162.22. 361,763 shares of the company were exchanged, compared to its average volume of 1,801,579. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $48.27 billion, a price-to-earnings ratio of 45.44 and a beta of 1.34. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $165.41. The stock has a 50 day simple moving average of $148.94 and a 200 day simple moving average of $135.53.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly 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. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CBRE. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

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.