AQR Capital Management LLC Purchases 302,432 Shares of CBRE Group, Inc. $CBRE

Key Points

• AQR Capital Management LLC increased its stake in CBRE Group, Inc. by 32.1%, purchasing an additional 302,432 shares, bringing its total ownership to 1,245,369 shares, valued at approximately $160 million.
• Several other institutional investors also adjusted their holdings in CBRE Group, with notable increases from Valeo Financial Advisors LLC, Beverly Hills Private Wealth LLC, and others during the first quarter.
• CBRE Group shares received multiple upgrades from analysts, with a consensus target price of $165.22 and a majority rating of "Buy" from research firms.

AQR Capital Management LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 32.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,245,369 shares of the financial services provider's stock after purchasing an additional 302,432 shares during the quarter. AQR Capital Management LLC owned 0.42% of CBRE Group worth $160,154,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its stake in CBRE Group by 4.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after buying an additional 85 shares during the last quarter. Beverly Hills Private Wealth LLC increased its stake in CBRE Group by 1.9% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after buying an additional 93 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in CBRE Group by 1.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock valued at $1,064,000 after buying an additional 102 shares during the last quarter. Legacy Advisors LLC increased its stake in CBRE Group by 6.4% in the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock valued at $234,000 after buying an additional 108 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in CBRE Group by 5.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock valued at $293,000 after buying an additional 108 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares in the company, 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. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 over the last ninety days. 0.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CBRE shares. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Evercore ISI boosted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. UBS Group boosted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Price Performance

CBRE stock opened at $158.85 on Thursday. The company has a 50 day simple moving average of $150.85 and a 200 day simple moving average of $136.03. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of 44.49 and a beta of 1.36. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. 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 posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share 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 company had revenue of $9.75 billion during the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

CBRE Group Company 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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