HGI Capital Management LLC Purchases 1,552 Shares of CBRE Group, Inc. $CBRE

Key Points

• HGI Capital Management LLC has increased its stake in CBRE Group by 5.4%, owning 30,186 shares worth approximately $3.95 million, making it the ninth largest position in its portfolio.
• CBRE Group reported a quarterly earnings per share of $1.19, surpassing expectations, along with a revenue of $9.75 billion, beating the forecast of $9.50 billion.
• Recent analyst ratings show a consensus of seven buy ratings and an average target price of $165.22 for CBRE Group shares, indicating positive growth expectations.

HGI Capital Management LLC boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,186 shares of the financial services provider's stock after purchasing an additional 1,552 shares during the quarter. CBRE Group comprises approximately 4.9% of HGI Capital Management LLC's portfolio, making the stock its 9th biggest position. HGI Capital Management LLC's holdings in CBRE Group were worth $3,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRE. Investment Management Corp VA ADV acquired a new position in CBRE Group in the fourth quarter valued at approximately $28,000. Hughes Financial Services LLC acquired a new position in CBRE Group in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its holdings 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 valued at $32,000 after purchasing an additional 213 shares in the last quarter. Colonial Trust Co SC boosted its holdings in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Raymond James Financial increased their price objective on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. UBS Group increased their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $0.01 during trading hours on Monday, hitting $161.98. 1,399,012 shares of the company were exchanged, compared to its average volume of 1,518,471. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $149.51 and a 200-day moving average of $135.58. The stock has a market capitalization of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion during 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, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value 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. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares of the company's stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 over the last 90 days. 0.42% of the stock is currently owned by insiders.

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.