Cookson Peirce & Co. Inc. Boosts Stake in CBRE Group, Inc. $CBRE

Key Points

• Cookson Peirce & Co. Inc. increased its stake in CBRE Group, Inc. by 47.7%, now owning a total of 7,432 shares valued at approximately $972,000.
• Several institutional investors, including Valeo Financial Advisors LLC and Beverly Hills Private Wealth LLC, also raised their stakes in CBRE Group, highlighting continued institutional interest in the company.
• CBRE Group recently reported quarterly earnings of $1.19 EPS, exceeding expectations and driving a positive market sentiment, leading to analyst upgrades and a consensus price target of $158.00.

Cookson Peirce & Co. Inc. lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 47.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,432 shares of the financial services provider's stock after acquiring an additional 2,401 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in CBRE Group were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Invesco Ltd. increased its position in shares of CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock worth $837,938,000 after purchasing an additional 397,818 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of CBRE Group by 217.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after purchasing an additional 2,680,337 shares during the last quarter. Northern Trust Corp grew its position in shares of CBRE Group by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock valued at $497,525,000 after buying an additional 424,663 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in CBRE Group by 24.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after purchasing an additional 738,704 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBRE. Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Evercore ISI boosted their price objective on shares of CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, UBS Group raised their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.00.

CBRE Group Trading Up 0.9%

CBRE stock traded up $1.4250 during midday trading on Tuesday, hitting $159.2650. The company had a trading volume of 561,670 shares, compared to its average volume of 1,810,196. 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 stock has a market cap of $47.39 billion, a price-to-earnings ratio of 44.58 and a beta of 1.34. The stock's 50 day moving average price is $144.35 and its 200 day moving average price is $134.40. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $161.03.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred 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 sale, the chief executive officer owned 111,473 shares of the company's stock, valued at $17,267,167.70. The trade was a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of CBRE Group stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the sale, the chief accounting officer directly owned 20,131 shares in the company, valued at approximately $2,818,340. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock valued at $1,338,073 over the last quarter. 0.42% of the stock is currently owned by company insiders.

About CBRE Group

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.