CBRE Group, Inc. $CBRE Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its ownership in CBRE Group, Inc. by 172.1%, owning 8,523 shares valued at approximately $1.19 million after acquiring an additional 5,391 shares in Q2.
• CBRE Group has received multiple upgrades from analysts, with Wall Street Zen upgrading to a "buy" and Raymond James Financial raising the target price to $166.00.
• The company reported Q2 earnings of $1.19 per share, exceeding expectations, and generated revenue of $9.75 billion, indicating solid financial performance.

Callan Family Office LLC increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 172.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,523 shares of the financial services provider's stock after purchasing an additional 5,391 shares during the period. Callan Family Office LLC's holdings in CBRE Group were worth $1,194,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC acquired a new position in CBRE Group in the first quarter worth about $26,000. Hughes Financial Services LLC acquired a new position in CBRE Group in the first quarter worth about $28,000. Golden State Wealth Management LLC grew 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 in the last quarter. Quarry LP grew 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 in the last quarter. Finally, Accredited Wealth Management LLC grew its stake in CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider's stock worth $43,000 after purchasing an additional 254 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 sale, the chief executive officer owned 111,473 shares of the company's stock, valued at $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 is available at the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,494 shares of company stock valued at $857,593. Insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of a number of research reports. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a "buy (b-)" rating on shares of CBRE Group in a report on Wednesday, October 8th. Raymond James Financial raised their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Finally, UBS Group raised their target price on shares of CBRE Group from $146.00 to $165.00 and gave the stock a "neutral" rating in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $170.78.

CBRE Group Stock Performance

CBRE opened at $150.44 on Monday. The business's 50 day moving average is $159.43 and its 200-day moving average is $140.82. The stock has a market cap of $44.76 billion, a PE ratio of 42.14 and a beta of 1.36. 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, Inc. has a twelve month low of $108.45 and a twelve month high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to analysts' expectations 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, analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.

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