CBRE Group, Inc. $CBRE Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in CBRE Group by 17.1% during the second quarter, now holding 49,507 shares worth approximately $6.94 million.
• CBRE Group had a strong quarterly performance, reporting an EPS of $1.19, exceeding estimates, with revenues reaching $9.75 billion.
• Analysts have shown optimism for CBRE Group, with multiple upgrades and an average target price of $170.78, suggesting a positive outlook for the stock.

Vanguard Personalized Indexing Management LLC increased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 17.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,507 shares of the financial services provider's stock after purchasing an additional 7,222 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in CBRE Group were worth $6,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its position in CBRE Group by 6.9% during the second quarter. Concurrent Investment Advisors LLC now owns 4,731 shares of the financial services provider's stock worth $663,000 after purchasing an additional 304 shares during the last quarter. IRON Financial LLC acquired a new stake in CBRE Group during the second quarter worth about $206,000. Trust Co. of Toledo NA OH acquired a new stake in CBRE Group during the second quarter worth about $98,000. Aberdeen Group plc increased its position in CBRE Group by 15.0% during the second quarter. Aberdeen Group plc now owns 292,794 shares of the financial services provider's stock worth $41,026,000 after purchasing an additional 38,181 shares during the last quarter. Finally, PDS Planning Inc increased its position in CBRE Group by 11.0% during the second quarter. PDS Planning Inc now owns 1,737 shares of the financial services provider's stock worth $243,000 after purchasing an additional 172 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were 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 directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is currently owned by company insiders.

CBRE Group Trading Down 1.3%

NYSE CBRE opened at $150.44 on Monday. The firm has a 50 day simple moving average of $159.43 and a 200-day simple moving average of $140.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 42.14 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CBRE shares. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley lifted their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Evercore ISI lifted their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Raymond James Financial lifted their price target on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of CBRE Group in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $170.78.

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.

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