Aviso Financial Inc. Raises Stake in CBRE Group, Inc. $CBRE

Key Points

• Aviso Financial Inc. increased its stake in CBRE Group, Inc. by 31.0%, now holding 9,260 shares valued at approximately $1.21 million.
• Several hedge funds have also adjusted their holdings, with Principal Financial Group Inc. increasing its stake by 4.8%, now owning over 7.97 million shares worth over $1 billion.
• Analysts have recently revised their price targets for CBRE Group, with Morgan Stanley setting a new target at $170.00, reflecting an optimistic outlook for the company's stock performance.

Aviso Financial Inc. grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 31.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,260 shares of the financial services provider's stock after acquiring an additional 2,190 shares during the quarter. Aviso Financial Inc.'s holdings in CBRE Group were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CBRE. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group in the fourth quarter worth about $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group during the first quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its position in CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 213 shares in the last quarter. Colonial Trust Co SC raised its position in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Price Performance

Shares of CBRE stock traded up $5.3680 during trading hours on Friday, hitting $164.4880. 1,792,824 shares of the company's stock were exchanged, compared to its average volume of 1,743,999. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market cap of $48.94 billion, a P/E ratio of 46.08 and a beta of 1.34. The firm has a 50 day moving average of $146.53 and a two-hundred day moving average of $135.01. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $164.89.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results 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 return on equity of 18.89% and a net margin of 2.86%.The firm 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. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several recent research reports. UBS Group lifted their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Raymond James Financial lifted their price target on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, Evercore ISI boosted their price objective on CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $158.00.

Insider Buying and Selling

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business'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 of the company's stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is owned by corporate insiders.

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.