CBRE Group, Inc. $CBRE Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has increased its stake in CBRE Group, Inc. by 18.1%, owning approximately 0.25% of the company, valued at around $96.8 million.
• CBRE Group reported a quarterly revenue of $9.75 billion, exceeding analyst expectations, with earnings per share of $1.19, above the consensus estimate of $1.05.
• The stock has seen significant institutional interest, with hedge funds owning 98.41% of CBRE Group's shares, indicating strong confidence in the company's prospects.

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 18.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 740,262 shares of the financial services provider's stock after acquiring an additional 113,448 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.25% of CBRE Group worth $96,811,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in shares of CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after buying an additional 368,214 shares in the last quarter. Invesco Ltd. boosted its position in CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock valued at $837,938,000 after buying an additional 397,818 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares during the period. Northern Trust Corp increased its holdings in CBRE Group by 2.1% during the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider's stock valued at $506,158,000 after buying an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after buying an additional 738,704 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on 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 transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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 transaction, the chief executive officer owned 111,473 shares of the company's stock, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 over the last 90 days. 0.42% of the stock is owned by insiders.

CBRE Group Stock Down 0.0%

Shares of NYSE CBRE traded down $0.01 during midday trading on Friday, hitting $161.98. The company's stock had a trading volume of 1,399,012 shares, compared to its average volume of 1,540,108. The business's fifty day simple moving average is $149.51 and its two-hundred day simple moving average is $135.67. 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, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. The firm has a market capitalization of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating 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 business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current 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.