Ieq Capital LLC Boosts Position in CBRE Group, Inc. $CBRE

Key Points

• Ieq Capital LLC increased its holdings in CBRE Group, Inc. by 12.7% in the first quarter, owning 69,171 shares valued at approximately $9 million.
• Several hedge funds significantly boosted their positions in CBRE Group, with Massachusetts Financial Services increasing holdings by 217.4%, now owning 3.9 million shares worth about $511 million.
• Analysts have a consensus rating of "Moderate Buy" for CBRE Group, with price targets from various firms ranging from $146.00 to $185.00, reflecting positive sentiment on the stock's performance.

Ieq Capital LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,171 shares of the financial services provider's stock after buying an additional 7,769 shares during the quarter. Ieq Capital LLC's holdings in CBRE Group were worth $9,046,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of CBRE Group during the first quarter valued at about $256,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock valued at $968,000 after acquiring an additional 1,310 shares in the last quarter. USA Financial Formulas acquired a new position in shares of CBRE Group during the first quarter valued at about $1,101,000. Golden State Wealth Management LLC increased its holdings in shares of 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. Finally, Principal Financial Group Inc. increased its holdings in shares of CBRE Group by 4.8% during the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after acquiring an additional 368,214 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction on Monday, August 11th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 in the last 90 days. 0.42% of the stock is owned by insiders.

CBRE Group Price Performance

CBRE Group stock traded down $0.01 during trading on Monday, reaching $161.98. The company had a trading volume of 1,399,012 shares, compared to its average volume of 1,518,471. The firm's 50-day simple moving average is $149.51 and its 200 day simple moving average is $135.58. 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 PE ratio of 45.37 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CBRE shares. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. UBS Group upped their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Raymond James Financial upped their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, 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. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.22.

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.