SageView Advisory Group LLC Buys Shares of 2,835 CBRE Group, Inc. $CBRE

Key Points

• SageView Advisory Group LLC acquired 2,835 shares of CBRE Group, valued at approximately $371,000, marking a significant addition to their portfolio in the financial services sector.
• Analysts have increased their target prices for CBRE Group, with estimates ranging from $147.00 to $185.00, reflecting a strong outlook for the stock.
• Insider transactions revealed CFO Emma E. Giamartino and CEO Vikramaditya Kohli sold shares, collectively reducing their ownership by approximately 1.90% and 0.89% respectively.

SageView Advisory Group LLC acquired a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,835 shares of the financial services provider's stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bayforest Capital Ltd grew its holdings in CBRE Group by 235.9% in the first quarter. Bayforest Capital Ltd now owns 1,199 shares of the financial services provider's stock worth $157,000 after purchasing an additional 842 shares during the period. SCS Capital Management LLC purchased a new stake in shares of CBRE Group during the first quarter valued at approximately $318,000. Woodline Partners LP grew its holdings in shares of CBRE Group by 38.2% during the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider's stock valued at $3,266,000 after buying an additional 6,908 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of CBRE Group by 215.1% during the first quarter. Empowered Funds LLC now owns 50,590 shares of the financial services provider's stock valued at $6,616,000 after buying an additional 34,534 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of CBRE Group by 83.2% during the first quarter. Ascent Group LLC now owns 4,145 shares of the financial services provider's stock valued at $542,000 after buying an additional 1,883 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,926 shares of company stock valued at $1,338,073. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group increased their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Stock Performance

CBRE Group stock traded up $2.45 during midday trading on Wednesday, reaching $165.29. 321,424 shares of the company traded hands, compared to its average volume of 1,777,284. The firm has a market capitalization of $49.18 billion, a price-to-earnings ratio of 46.30 and a beta of 1.36. The business has a 50 day moving average of $154.90 and a two-hundred day moving average of $137.43. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.