Ally Financial Inc. Purchases Shares of 20,000 CBRE Group, Inc. $CBRE

Ally Financial Inc. acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the financial services provider's stock, valued at approximately $2,694,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Brighton Jones LLC increased its position in CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after purchasing an additional 11,065 shares during the period. Woodline Partners LP increased its position 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 period. Geneos Wealth Management Inc. increased its position in shares of CBRE Group by 67.0% during the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider's stock valued at $58,000 after buying an additional 179 shares during the period. First Trust Advisors LP increased its position in shares of CBRE Group by 41.3% during the second quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider's stock valued at $3,474,000 after buying an additional 7,242 shares during the period. Finally, Walleye Capital LLC raised its stake in CBRE Group by 54.6% in the second quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider's stock worth $686,000 after buying an additional 1,728 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the sale, the chief financial officer directly owned 108,479 shares in the company, valued at approximately $16,086,350.91. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total transaction of $399,900.00. Following the transaction, the chief executive officer owned 134,869 shares in the company, valued at $20,230,350. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,144 shares of company stock valued at $767,363. 0.46% of the stock is owned by corporate insiders.

CBRE Group Stock Down 0.1%

Shares of NYSE:CBRE opened at $152.02 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $141.91 and a two-hundred day simple moving average of $141.10. CBRE Group, Inc. has a 12-month low of $121.69 and a 12-month high of $174.27. The stock has a market capitalization of $44.02 billion, a price-to-earnings ratio of 34.87 and a beta of 1.18.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.09. The firm had revenue of $11.23 billion during 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%.CBRE Group'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 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, research analysts anticipate that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBRE. Keefe, Bruyette & Woods upped their target price on CBRE Group from $158.00 to $174.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Jefferies Financial Group restated a "buy" rating on shares of CBRE Group in a research note on Friday, May 15th. Evercore restated an "outperform" rating and set a $175.00 price target on shares of CBRE Group in a research report on Thursday, July 30th. UBS Group upped their price target on CBRE Group from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $181.00.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.

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