Cinctive Capital Management LP Purchases New Position in CBRE Group, Inc. $CBRE

Key Points

• Cinctive Capital Management LP has acquired a new stake in CBRE Group, Inc., purchasing 12,030 shares valued at approximately $1.57 million during Q1 2023.
• Several institutional investors, including Principal Financial Group and Massachusetts Financial Services, have significantly increased their investments, raising overall institutional ownership to 98.41% of the company's stock.
• Analysts have shown optimism for CBRE Group with upgrades and increased target prices, resulting in a consensus rating of "Moderate Buy" and a price target average of $165.22.

Cinctive Capital Management LP acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,030 shares of the financial services provider's stock, valued at approximately $1,573,000.

A number of other hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in CBRE Group during the first quarter valued at $26,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group during the fourth quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC increased its stake 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 in the last quarter. Finally, Colonial Trust Co SC lifted its position in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Down 0.9%

NYSE:CBRE traded down $1.49 on Tuesday, hitting $162.03. The stock had a trading volume of 1,377,635 shares, compared to its average volume of 1,797,575. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. The firm's fifty day simple moving average is $152.28 and its two-hundred day simple moving average is $136.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $48.21 billion, a P/E ratio of 45.39 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Evercore ISI raised their price target on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. JPMorgan Chase & Co. increased their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.22.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group 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 sale, the chief accounting officer owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock worth $1,338,073 in the last quarter. Insiders own 0.42% of the company's stock.

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.