Flputnam Investment Management Co. Increases Holdings in CBRE Group, Inc. $CBRE

Key Points

• Flputnam Investment Management Co. increased its stake in CBRE Group, Inc. by 83.7%, acquiring a total of 95,399 shares valued at approximately $12.5 million.
• CBRE Group's stock has shown strong performance, with a 12-month high of $165.41 and a market cap of $48.20 billion, alongside a recent earnings report that exceeded analysts' expectations.
• Analysts are optimistic about CBRE Group, with several raising their price targets and giving it a consensus rating of "Moderate Buy."

Flputnam Investment Management Co. grew its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 83.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,399 shares of the financial services provider's stock after acquiring an additional 43,475 shares during the quarter. Flputnam Investment Management Co.'s holdings in CBRE Group were worth $12,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also 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 valued at $511,781,000 after acquiring an additional 2,680,337 shares in the last quarter. Nuveen LLC purchased a new position in shares of CBRE Group in the first quarter valued at approximately $214,283,000. GAMMA Investing LLC lifted its position 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 valued at $168,896,000 after acquiring an additional 1,285,300 shares in the last quarter. Assenagon Asset Management S.A. lifted its position 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 valued at $142,633,000 after acquiring an additional 741,477 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $487,127,000 after purchasing an additional 738,704 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

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

CBRE Group Stock Up 1.7%

NYSE:CBRE traded up $2.68 during midday trading on Friday, reaching $164.37. The company had a trading volume of 1,285,140 shares, compared to its average volume of 1,803,316. The firm has a market capitalization of $48.91 billion, a price-to-earnings ratio of 46.04 and a beta of 1.36. The stock's fifty day simple moving average is $151.32 and its 200-day simple moving average is $136.16. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $165.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

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

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares of the company's stock, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,926 shares of company stock worth $1,338,073. Company insiders own 0.42% of the company's stock.

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.