31,810 Shares in CBRE Group, Inc. $CBRE Purchased by TriaGen Wealth Management LLC

Key Points

• TriaGen Wealth Management LLC acquired a new stake in CBRE Group, purchasing 31,810 shares valued at approximately $4.46 million, representing 1.4% of its portfolio.
• CBRE Group received several positive analyst ratings, with Morgan Stanley setting a price target of $170.00 and Evercore ISI raising their target to $185.00.
• In its most recent earnings report, CBRE Group exceeded estimates with an EPS of $1.19 and revenue of $9.75 billion, surpassing expectations.

TriaGen Wealth Management LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 31,810 shares of the financial services provider's stock, valued at approximately $4,457,000. CBRE Group accounts for approximately 1.4% of TriaGen Wealth Management LLC's portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Merit Financial Group LLC increased its position in CBRE Group by 82.5% during the 1st quarter. Merit Financial Group LLC now owns 3,559 shares of the financial services provider's stock valued at $465,000 after buying an additional 1,609 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after buying an additional 266 shares during the last quarter. Gateway Investment Advisers LLC bought a new stake in CBRE Group in the first quarter worth $625,000. Finally, Wedmont Private Capital grew its stake in shares of CBRE Group by 7.6% in the first quarter. Wedmont Private Capital now owns 4,031 shares of the financial services provider's stock worth $527,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Evercore ISI lifted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of CBRE Group in a research note on Saturday, September 27th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Stock Performance

Shares of CBRE opened at $153.47 on Tuesday. The firm has a market capitalization of $45.66 billion, a P/E ratio of 42.99 and a beta of 1.36. 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, Inc. has a one year low of $108.45 and a one year high of $167.56. The business has a fifty day moving average of $159.79 and a 200 day moving average of $140.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $9.75 billion for the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were 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 directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is owned by 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.

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