1,809 Shares in CBRE Group, Inc. $CBRE Purchased by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC acquired 1,809 shares of CBRE Group, Inc., valued at approximately $237,000, during the first quarter.
• Several hedge funds, including Massachusetts Financial Services Co. and GAMMA Investing LLC, significantly increased their stakes in CBRE Group, demonstrating investor confidence in the financial services provider.
• CBRE Group reported a quarterly earnings per share of $1.19, exceeding analyst estimates of $1.05, and has set its FY 2025 guidance at 6.100-6.200 EPS, indicating positive growth expectations.

Advisors Capital Management LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,809 shares of the financial services provider's stock, valued at approximately $237,000.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group in the 1st quarter valued at $26,000. Investment Management Corp VA ADV bought a new stake in CBRE Group during the 4th quarter valued at $28,000. Hughes Financial Services LLC bought a new stake in CBRE Group during the 1st quarter valued at $28,000. Golden State Wealth Management LLC raised its holdings in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after buying an additional 213 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in CBRE Group by 1,400.0% during the 1st 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. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Trading Up 0.9%

NYSE CBRE traded up $1.44 during trading on Thursday, hitting $165.77. The company had a trading volume of 1,095,863 shares, compared to its average volume of 1,481,086. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The company has a market cap of $49.32 billion, a price-to-earnings ratio of 46.43 and a beta of 1.36. The company's fifty day moving average is $155.88 and its 200-day moving average is $137.79.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group upped 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. JPMorgan Chase & Co. upped their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the transaction, the chief accounting officer directly owned 20,131 shares in the company, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock worth $1,338,073 in the last three months. 0.42% of the stock is owned by corporate 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.