CBRE Group, Inc. $CBRE Stake Lifted by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in CBRE Group, Inc. by 183.7% during the first quarter, amounting to $18.49 million in value.
• Multiple hedge funds, including Massachusetts Financial Services Co. and GAMMA Investing LLC, boosted their holdings significantly in CBRE, indicating a strong institutional belief in the company's growth potential.
• CBRE Group's recent earnings report surpassed analysts' expectations, with $1.19 earnings per share, contributing to a consensus rating of "Moderate Buy" among research analysts.

Acadian Asset Management LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 183.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,403 shares of the financial services provider's stock after acquiring an additional 91,559 shares during the period. Acadian Asset Management LLC's holdings in CBRE Group were worth $18,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at $26,000. Investment Management Corp VA ADV acquired a new position in CBRE Group in the fourth quarter valued at $28,000. Hughes Financial Services LLC purchased a new stake in CBRE Group during the first quarter valued at about $28,000. Golden State Wealth Management LLC grew its position in 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Up 1.1%

Shares of CBRE stock traded up $1.81 during mid-day trading on Wednesday, reaching $164.65. 376,848 shares of the company were exchanged, compared to its average volume of 1,777,686. 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 business's 50 day simple moving average is $154.90 and its 200 day simple moving average is $137.43. The company has a market capitalization of $48.99 billion, a P/E ratio of 46.19 and a beta of 1.36. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. 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 year.

Insider Transactions at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the sale, the chief accounting officer owned 20,131 shares in the company, valued at $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBRE. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price 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. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

About CBRE Group

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.