CBRE Group, Inc. $CBRE Shares Purchased by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management increased its CBRE Group stake by 1,157.7% in the third quarter, purchasing 202,210 additional shares and bringing its holdings to 219,677 shares valued at approximately $28.2 million. Institutional investors and hedge funds collectively own 98.41% of CBRE.
• Analysts remain broadly positive, with seven Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $180.33. Recent targets range from $174 to $190.
• CBRE reported quarterly EPS of $1.56, beating estimates of $1.47, while revenue rose 15.1% year over year to $11.23 billion. Shares recently traded at $130.17, below their 50-day and 200-day moving averages, while insiders sold 5,144 shares worth roughly $767,000 over the past quarter.

Ferguson Wellman Capital Management Inc. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1,157.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 219,677 shares of the financial services provider's stock after purchasing an additional 202,210 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.08% of CBRE Group worth $28,222,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CBRE. Ascentis Independent Advisors purchased a new stake in CBRE Group during the 1st quarter worth about $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of CBRE Group in the first quarter worth approximately $33,000. Sound Income Strategies LLC boosted its position in shares of CBRE Group by 5,180.0% in the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider's stock worth $36,000 after acquiring an additional 259 shares during the last quarter. Trust Co. of Vermont purchased a new stake in CBRE Group in the second quarter valued at approximately $39,000. Finally, MV Capital Management Inc. acquired a new position in CBRE Group during the fourth quarter worth approximately $42,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CBRE. Evercore reiterated an "outperform" rating and issued a $175.00 price target on shares of CBRE Group in a report on Thursday, July 30th. UBS Group increased their target price on CBRE Group from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Barclays lifted their target price on CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $158.00 to $174.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $180.33.

Insider Activity

In other CBRE Group news, insider Chad J. Doellinger sold 228 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma Giamartino sold 2,250 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the completion of the sale, the chief financial officer directly owned 108,479 shares of the company's stock, valued at $16,086,350.91. This trade represents a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,144 shares of company stock worth $767,363. 0.46% of the stock is currently owned by corporate insiders.

CBRE Group Trading Up 0.5%

Shares of CBRE stock traded up $0.59 during mid-day trading on Monday, reaching $130.17. The company's stock had a trading volume of 727,232 shares, compared to its average volume of 2,084,183. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $37.69 billion, a PE ratio of 29.88 and a beta of 1.23. The company's 50 day simple moving average is $144.16 and its 200-day simple moving average is $139.81. CBRE Group, Inc. has a 12-month low of $121.69 and a 12-month high of $174.27.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.09. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, research analysts predict that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE's services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.

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