734,770 CBRE Group, Inc. $CBRE Shares Acquired by Howard Capital Management LLC

Key Points

• Howard Capital Management increased its CBRE Group position by 734,770 shares, a 41,140.5% rise, bringing its holdings to 736,556 shares valued at approximately $94.6 million.
• Analysts maintain a generally positive outlook, with six Buy ratings and one Hold rating, resulting in a consensus “Moderate Buy” rating and an average price target of $178.40.
• CBRE shares fell 1.9% to $132.91, despite the company beating quarterly earnings and revenue estimates; revenue increased 15.1% year over year and adjusted EPS came in at $1.56.

Howard Capital Management LLC grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 41,140.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 736,556 shares of the financial services provider's stock after purchasing an additional 734,770 shares during the quarter. CBRE Group makes up about 1.0% of Howard Capital Management LLC's investment portfolio, making the stock its 23rd largest holding. Howard Capital Management LLC owned approximately 0.25% of CBRE Group worth $94,625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. grew its stake in CBRE Group by 5.7% during the first quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider's stock valued at $18,373,000 after acquiring an additional 7,349 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of CBRE Group by 48.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 79,154 shares of the financial services provider's stock valued at $10,722,000 after buying an additional 25,700 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of CBRE Group during the 2nd quarter valued at about $2,209,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of CBRE Group by 1,406.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,647 shares of the financial services provider's stock valued at $3,881,000 after acquiring an additional 26,746 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in shares of CBRE Group in the 2nd quarter valued at about $98,121,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CBRE. Keefe, Bruyette & Woods dropped their price objective on shares of CBRE Group from $174.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, October 9th. Barclays increased their target price on shares of CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Evercore restated an "outperform" rating and issued a $175.00 target price on shares of CBRE Group in a report on Thursday, July 30th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CBRE Group in a research note on Friday, August 21st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.40.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad Doellinger sold 228 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the sale, the insider directly owned 41,778 shares in the company, valued at approximately $6,195,259.62. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of CBRE Group stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the sale, the chief executive officer owned 134,869 shares of the company's stock, valued at $20,230,350. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,144 shares of company stock valued at $767,363 in the last ninety days. Corporate insiders own 0.46% of the company's stock.

CBRE Group Stock Down 1.9%

Shares of NYSE:CBRE traded down $2.58 during trading hours on Friday, hitting $132.91. The company's stock had a trading volume of 2,249,160 shares, compared to its average volume of 2,284,539. The company has a market capitalization of $38.49 billion, a price-to-earnings ratio of 30.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The firm's fifty day moving average price is $140.65 and its 200 day moving average price is $139.55.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.09. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, research analysts expect that CBRE Group, Inc. will post 7.78 EPS for the current year.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE's services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.

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