Baader Bank Aktiengesellschaft Buys New Holdings in CBRE Group, Inc. $CBRE

Key Points

• Baader Bank Aktiengesellschaft has invested approximately $1.74 million in CBRE Group, acquiring 12,436 shares of the financial services provider during the second quarter.
• Insider trading revealed CEO Vikramaditya Kohli sold 1,000 shares at an average price of $154.90, decreasing his stake by 0.89%.
• CBRE Group reported $1.19 earnings per share for the recent quarter, surpassing estimates, and has a current consensus price target of $165.22 from analysts.

Baader Bank Aktiengesellschaft purchased a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,436 shares of the financial services provider's stock, valued at approximately $1,743,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Massachusetts Financial Services Co. MA lifted its position in shares of CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after buying an additional 2,680,337 shares during the last quarter. Nuveen LLC bought a new position in shares of CBRE Group in the first quarter worth about $214,283,000. GAMMA Investing LLC increased its stake in shares of CBRE Group by 20,889.0% in the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after purchasing an additional 1,285,300 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of CBRE Group by 212.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after purchasing an additional 741,477 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of CBRE Group by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock worth $487,127,000 after purchasing an additional 738,704 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the transaction, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,926 shares of company stock valued at $1,338,073. Company insiders own 0.42% of the company's stock.

CBRE Group Trading Down 1.1%

CBRE stock traded down $1.76 during midday trading on Friday, hitting $163.97. 2,918,262 shares of the company's stock were exchanged, compared to its average volume of 1,462,473. The stock's fifty day moving average price is $156.35 and its 200-day moving average price is $137.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $48.79 billion, a PE ratio of 45.93 and a beta of 1.36. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results 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. 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. Research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.