CBRE Group, Inc. $CBRE Shares Purchased by Smith Salley Wealth Management

Key Points

• Smith Salley Wealth Management increased its stake in CBRE Group, Inc. by 64%, acquiring 1,664 additional shares, bringing their total holdings to 4,262 shares valued at approximately $597,000.
• Multiple equity research firms have raised their price targets for CBRE Group, with targets now ranging from $147.00 to $185.00, reflecting a consensus rating of "Moderate Buy."
• Insider activity includes CEO Vikramaditya Kohli selling 1,000 shares for a total of $154,900, which decreased his ownership in the company to approximately $17.27 million.

Smith Salley Wealth Management lifted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 64.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,262 shares of the financial services provider's stock after acquiring an additional 1,664 shares during the period. Smith Salley Wealth Management's holdings in CBRE Group were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of CBRE Group in the 1st quarter valued at $26,000. Hughes Financial Services LLC acquired a new position in shares of CBRE Group in the 1st quarter valued at $28,000. Golden State Wealth Management LLC increased its position in shares of CBRE Group by 687.1% in the 1st 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. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 266 shares during the period. Finally, Quarry LP increased its position in shares of CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 147 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on CBRE shares. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Evercore ISI upped their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Raymond James Financial upped their price target 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. JPMorgan Chase & Co. upped their price target 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, Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.22.

Insider Activity

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's 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 completion of the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 in the last ninety days. Company insiders own 0.42% of the company's stock.

CBRE Group Price Performance

NYSE:CBRE opened at $157.99 on Monday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. 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 stock has a market capitalization of $47.01 billion, a PE ratio of 44.25 and a beta of 1.36. The stock's 50-day moving average price is $158.40 and its 200-day moving average price is $139.12.

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

CBRE Group 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.

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