Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in CBRE Group, Inc. $CBRE

Key Points

• Sumitomo Mitsui DS Asset Management raised its stake in CBRE Group by 11.5% during the second quarter, owning 38,361 shares valued at approximately $5.37 million.
• Several institutional investors increased their holdings in CBRE Group, reflecting a strong interest in the company, with 98.41% of the stock owned by institutional investors and hedge funds.
• Analysts have set a consensus rating of "Moderate Buy" for CBRE Group, with price targets ranging from $146 to $185, indicating positive outlooks for the stock.

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,361 shares of the financial services provider's stock after purchasing an additional 3,968 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in CBRE Group were worth $5,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Valeo Financial Advisors LLC lifted its stake in shares of CBRE Group by 4.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock worth $290,000 after acquiring an additional 85 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its stake in shares of CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock worth $663,000 after acquiring an additional 93 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of CBRE Group by 1.3% in the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock worth $1,064,000 after acquiring an additional 102 shares in the last quarter. Legacy Advisors LLC lifted its stake in shares of CBRE Group by 6.4% in the first quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock worth $234,000 after acquiring an additional 108 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of CBRE Group by 5.1% in the first quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock worth $293,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CBRE. Evercore ISI increased their price target on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group raised their price objective on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Morgan Stanley reissued an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised their target price on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Up 1.0%

CBRE stock traded up $1.65 during trading on Tuesday, reaching $164.26. The stock had a trading volume of 92,501 shares, compared to its average volume of 1,774,425. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $48.88 billion, a price-to-earnings ratio of 46.05 and a beta of 1.36. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The company's 50 day moving average is $156.78 and its two-hundred day moving average is $138.18.

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 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. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,494 shares of company stock valued at $857,593. Company insiders own 0.42% of the company's stock.

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.