Avior Wealth Management LLC Grows Holdings in CBRE Group, Inc. $CBRE

Key Points

• Avior Wealth Management LLC significantly increased its holdings in CBRE Group, Inc. by 1,280.3% during the second quarter, now owning 6,446 shares valued at approximately $903,000.
• Several brokers upgraded their ratings on CBRE Group, with Wall Street Zen upgrading it from "hold" to "buy", indicating growing confidence in the stock's performance.
• CBRE Group reported a quarterly EPS of $1.19, surpassing analysts' expectations, with a year-end EPS guidance set at 6.100-6.200.

Avior Wealth Management LLC grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1,280.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,446 shares of the financial services provider's stock after purchasing an additional 5,979 shares during the period. Avior Wealth Management LLC's holdings in CBRE Group were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. WPG Advisers LLC purchased a new stake in CBRE Group in the first quarter worth $26,000. Hughes Financial Services LLC purchased a new stake in CBRE Group in the first quarter worth $28,000. Golden State Wealth Management LLC increased its stake in CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after purchasing an additional 213 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares during the period. Finally, Quarry LP increased its stake in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider's stock worth $39,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the sale, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company'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 value of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock worth $857,593 over the last quarter. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CBRE. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Evercore ISI lifted their target price on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Raymond James Financial lifted their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Trading Up 0.6%

CBRE Group stock opened at $158.92 on Tuesday. The stock has a 50-day moving average price of $158.75 and a 200 day moving average price of $139.35. The company has a market capitalization of $47.29 billion, a price-to-earnings ratio of 44.51 and a beta of 1.36. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The firm had revenue of $9.75 billion for the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

About CBRE Group

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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